country flagالعربية
0
0

Platinum Daily Technical Analysis | 4 January 2018

2018-01-04 11:23 am | Resource: Technical Analysis Section | No Views : 339

US Platinum broke through the sub-descending trend line during the second day of the new year. Currently the commodity is trading in a minor upside direction and is trying to breach 953.14 and failed for the first time and is currently retesting the $ 953 zones.

Platinum Daily Technical Analysis | 4 January 2018
 
The SMA is trading in a bullish direction.
Momentum RSI 14 signs of weakness are beginning to show where, the index is currently closing down the 70 areas as it breaks the rising trend line.
It is expected that if the palladium crosses the $ 953.14 level, it might target 945.69 zones on the other side. If the $ 908 breaks, the trend will be reversed and might target $ 881.21.
Support: 918.84- 903.11- 903.11
Resistance: 953.14- 966.10 - 977.91
Trend: Up


Other news

Gold prices rises with dollar decline and stock futures rise

Gold prices rose as investors shifted focus to trade negotiations between the United States and China, following a series of monetary policy decisions from central banks around the world this week. Talks between US and Chinese negotiators were held in Washington on Thursday - scheduled to end today - for the first time in two months in a bid to find common ground to pave the way for high-level negotiations…

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 doubts.TradingPekk.com 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.