country flagالعربية

Platinum Daily Technical Analysis | 28 December 2017

2017-12-28 09:29 am | Resource: Technical Analysis Section | No Views : 299

US Platinum broke the secondary bullish trend line on the 4 hour interval due to sellers' pressure on the psychological commodity and so far the commodity failed to breach the 918.84 resistance level.

Platinum Daily Technical Analysis | 28 December 2017

Currently, our neutral view of palladium trading prices due to the lack of confirmation of breaking the trend line and also due to the inability of the commodity to exceed the levels of the previous peak or bottom, and the simple moving average is still a support area respected by the bear so far.
Momentum Relative Strength 14 The bullish trend line breaks over the 4 hour interval during the trading session and is trading in a bearish direction in the configuration.
It is expected that if the Platinum crosses the $ 924.92 level, it might target the 945.69 areas on the other side. If the $ 908 breaks, the trend will be reversed and might target $ 881.21.
Support: 903.11- 891.12 - 872.02
Resistance: 918.84- 945.69 - 953.14
Trend: neutral

Other news

Oil prices stabilize amid rising tensions in the Middle East

Brent crude has stabilized amid optimism about Saudi production, and is awaiting the results of the Federal Reserve meeting to be released today with expectations of a US rate cut. Amid rising tensions in the Middle East Saudi Oil Minister: It is still not clear who is behind the Aramco attacks Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman told a news conference on Tuesday that he still did not…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.