Platinum price leans above the moving average – Forecast today – 8-4-2024
Economies.com
2024-04-08 05:26AM UTC
Platinum Price Analysis
Expected Scenario
- The Platinum price formed mixed trades recently due to stochastic exit from the overbought areas, testing the MA55 at $913.00 followed by starting to renew the bullish trades to settle near $930.00.
- Positive momentum gathering is essential to activate the bullish attack. It is important to surpass the $950.00 barrier to open the way to reach additional stations, starting at $965.00 and $983.00.
Expected Outcome
Renewed bullish trades are expected to push the Platinum price towards surpassing the $950.00 barrier and potentially reaching additional targets at $965.00 and $983.00.
Expected Trading Range
Between $920.00 support and $950.00 resistance.
Trend Forecast: Bullish
Commodities News
Commodities
Gold tumbles to one-month lows but still logs in monthly profit
2024-04-30 20:41PM UTC
Gold prices fell on Tuesday as the dollar rose against most major rivals, but the precious metal ...
Commodities
Oil prices extend losses, with Brent plumbing five-week lows
2024-04-30 14:59PM UTC
Oil prices fell in American trade on Tuesday, extending losses for the third straight session, with ...
Commodities
Gold logs in first weekly loss in five weeks
2024-04-26 18:34PM UTC
Gold prices rose on Friday, shrugging off a surge by the dollar index following upbeat data, ...
Commodities Technical Analysis
Commodities
Oil price will reach $100 in 2024? Expert analysis and which are the best brokers for trading it
2024-05-01 11:23AM UTC
Technical Forecasts for Oil Prices The Best 2 Oil Trading Brokers for This Year The ...
Commodities
Brent oil price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Brent Oil Price Analysis: Expected Scenarios Brent oil price resumes its negative trading to ...
Commodities
Silver price forecast update 01-05-2024
2024-05-01 10:07AM UTC
Silver Price Analysis: Expected Scenarios Silver price settles below the broken neckline of the ...