country flagالعربية
0
0

Platinum Daily Technical Analysis | 12 January 2018

2018-01-12 11:02 am | Resource: Technical Analysis Section | No Views : 302

We noted earlier that the platinum broke in USD is the sub-descending trend line and the palladium continued to rise until it breached the 953 and 972 areas and is now approaching the $ 1000 level.

Platinum Daily Technical Analysis | 12 January 2018

platinum is trading in a bullish direction on the 240-minute time frame and the simple moving average is trading in a bullish direction and is a very important support area for the commodity.
Momentum Relative Strength 14 The signs of weakness are still present and still dominate the index so far, although the index is trading in a bullish direction in formation, but it is unable to form new highs.
It is expected that, if the palladium crosses the $ 1000.93 level, it may target the areas of 1013.42, while in the case of a breach of $ 981.42, it might target $ 961.
Support: 872.53- 953.14- 918.84
Resistance: 1000.93- 1013.42 - 1047.27
Trend: Up


Other news

Oil rises after report on Saudi Arabia's inability to meet demand

Oil prices rose sharply on Thursday after CBS News quoted an unnamed US official as saying that Iran's supreme leader, Ayatollah Ali Khamenei, approved last weekend's attack on Saudi Arabia's oil infrastructure targeting Aramco. . In another development, the International Energy Agency welcomed the statement made by Saudi Energy Minister Prince Abdul Aziz bin Salman on the re-production of Saudi suspended Internet, after Saturday's attacks. Report: Saudi Arabia seeks to…

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.