financetom
Technology
financetom
/
Technology
/
Platinum price moves within tight range – Forecast today – 18-6-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Platinum price moves within tight range – Forecast today – 18-6-2024
Jun 18, 2024 2:05 AM

Platinum Price Analysis Expected Scenario The Platinum price surrendered to the stability of the additional support 948.00$, to force it to form a temporary positive rebound towards 975.00$ as appears on the chart, expecting to face 983.00$ barrier to confirm moving within a tight sideways range represented by the mentioned levels and waiting to surpass one of them to manage to confirm the next expected trend. Breaching the barrier and holding above it will reinforce the chances of forming bullish waves that might target 1015.00$ initially, while declining below the support will confirm the continuation of the negativity that will target 928.00$ and 905.00$ direct. Expected Trading Range Between 950.00$ support and 983.00$ resistance.

Trend Forecast: Sideways

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
American Stocks Analysis
American Stocks Analysis
May 23, 2024
Baker Hughes Companys stock price (BKR) skidded in the intraday levels, amid the dominance of the downward correctional trend in the medium term, while exposed to negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. Therefore we expect more losses for the stock, targeting the support of $30.00, provided the current support...
American Stocks Analysis
American Stocks Analysis
May 23, 2024
Blackstones tock price (BX) fell in the intraday levels, while gathering positive momentum to rise anew, as it also vented off overbought saturation in the RSI with negative signals out of them, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, thus leaning on the support of the 50-day...
American Stocks Analysis
American Stocks Analysis
May 23, 2024
Dicks Sporting Goods stock price (DKS) kept falling in the intraday levels, confirming the breach of the important support of $192.23, and after previously piercing the main upward trend line in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels. Therefore we expect more losses for the stock,...
American Stocks Analysis
American Stocks Analysis
May 23, 2024
Adobes stock price (ADBE) inched up in the intraday levels, testing the downward correctional trend line in the short term, while touching the resistance of the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. Therefore we expect the stock to return lower, targeting the support of $453.00, provided it settles below the resistance of $498.70....
Copyright 2023-2026 - www.financetom.com All Rights Reserved