Platinum still stuck – Analysis – 10-10-2018
Economies.com
2018-10-10 06:52AM UTC
Platinum price didn’t provide any new by its repeated confinement between 832.00 barrier that represents the moving average 55, and the main support at 791.00, the stability of the levels currently makes us prefer the negative attempts temporarily until reaching the critical support, then monitoring the price behavior to detect the main trend in the upcoming trading.
Note that the price success to breach the current barrier will cancel the negative overview, to begin forming a bullish rally, to expect targeting 855.00 and 871.00 level.
Expected trading range for today is between 832.00 and 791.00
Expected trend for today: Bearish
Commodities News
Commodities
Oil prices lost ground despite large US inventory drawdown
2024-04-24 20:42PM UTC
Oil prices fell on Wednesday despite earlier official data that showed a steep decline in US crude ...
Commodities
US crude stocks fall more than expected
2024-04-24 16:29PM UTC
The Energy Information Administration reported a drop of 6.4 million barrels in US crude stocks ...
Commodities
Oil prices move in a positive zone after surprise drop in US stocks
2024-04-24 12:29PM UTC
Global oil prices rose in European trade on Wednesday away from recent three-week lows after ...
Commodities Technical Analysis
Commodities
Wheat price achieves more gains – Forecast today - 25-04-2024
2024-04-25 04:08AM UTC
Wheat Price Analysis Wheat price rallied upwards yesterday to succeed achieving our new waited ...
Commodities
Soybean price approaches the target – Forecast today - 25-04-2024
2024-04-25 04:08AM UTC
Soybean Price Analysis Soybean price rebounds bearishly after approaching our waited target at ...
Commodities
Corn price under the negative pressure – Forecast today - 25-04-2024
2024-04-25 04:08AM UTC
Corn Price Analysis Corn price managed to break 449.20$ level and approaches to retest the ...