Platinum

[Samirofi]

Platinum hits the broken level 15/1/2014



Platinum affected by Stochastic decline from the overbought level to notice that the price touches the broken resistance level almost around 1418.00, to keep the price within the positive level until gathering a new momentum by Stochastic to support achieving the waited target near 1462.00 in the upcoming period.

Carefully note that the continuation of Stochastic decline in today’s trading might lead the price to hit 1408.00, but to confirm the positivity we need a close above 1418.00 to confirm the bullish bias in the upcoming period.

Expected trading range is between 1408.00 and 1435.00

Expected trend for today: bullish

[Samirofi]

Platinum hits the target 20/1/2014



Platinum price gained positive momentum on Friday after holding above 1415.00 support level, to notice the price rallying positively reaching 1460.00 level, which represents the waited target in our previous report. In general, the bullish bias remains dominating the near term and medium term trading to continue the attempts to reach new levels by breaching the current level and open the way towards 1485.00 followed by 1515.00

Stochastic provides the positive momentum to support the bullish bias domination by settling around 80 level as appears on the image, which supports the price stability with positive level until succeeding to breach 1463.00 level.

Expected trading range is between: 1445.00 and 1480.00

Expected trend for today: Bullish

[Samirofi]

Platinum settles positively 21/1/2014



Platinum price attempted to revive the positivity by touching 1470.00 level yesterday, supported by stochastic which settles within the overbought area, and in general, the positive trading supports reaching 1485.00 level as a new positive target for the near term trading, which breaching above it will push the price to head towards 1515.00 which represents the next main target.

Expected trading range is between: 1450.00 and 1485.00

Expected trend for today: Bullish

[Samirofi]

Platinum has to form bearish wave 27/1/2014



Platinum formed bearish wave on last Friday affected by the initial resistance level around 1462.00, to move towards the moving average 55 touching 1419.50 level, to notice the stability of trading within the minor bullish channel. Thus, we recommend neutrality for today due to the continuous negative momentum signals coming from stochastic that contradicts the positive trading.

Note that stochastic negativity might put more negative pressure on today’s trading to be limited between 1445.00 and breached resistance level of the bearish channel at 1405.00, to keep the trading fluctuated without detecting main trend in the near term.

Expected trading range is between: 1445.00 and 1405.00

Expected trend for today: Neutral

[Samirofi]

Platinum fluctuates inside the channel 3/2/2014



Platinum price ended the negative trading recently by reaching 1362.00, to form fluctuating intraday bias and keep the trading in general within the bearish channel as long as 1395.00 resistance remains intact, thus, we continue expecting forming bearish wave in the upcoming period until reaching 1340.00 which forms the initial target for the bearish trading.



Stochastic attempts to leave the oversold area, which pushes the price to form fluctuating sideways range until getting new negative momentum to support our bearish overview.



Expected trading range is between: 1390.00 and 1350.00



Expected trend for today: Bearish

[Samirofi]

Platinum settles below the resistance 4/2/2014



Platinum price breached the main bearish channel’s resistance level to turn back and form bearish wave, and the bearish bias turns back to dominate the trading as expected previously, thus, we expect to witness attempts to reach 1362.00 level followed by 1338.00 in the upcoming period conditioned by holding below the main resistance.

Expected trading range is between: 1390.00 and 1362.00

Expected trend for today: Bearish

[Samirofi]

Platinum without any change 5/2/2014



Platinum remains stable below the main bearish channel’s resistance without achieving any new negative level to notice its stability at 1275.00 until this moment, where gaining a new negative momentum is required to support our previous expectation if the trading declined towards 1340.00, which represents the initial target in the near period if the resistance settles around 1393.00 for today.

Stochastic contradiction continues the positive attempt that supports the trading stability in sideways range until gaining a new negative momentum which supports the price decline towards the waited target.

Expected trading range is between 1385.00 and 1345.000

Expected trend for today: bearish

[Samirofi]

Platinum attacks the resistance 11/2/2014



The bullish trading is pushing clearly on platinum to notice the continuation of attacking the main resistance around 139.00, where this positive pressure supports Stochastic rise to settle above 50 level as appears in the above image, therefore we recommend the neutrality in today’s trading until monitoring the price move around the current resistance, hence it contradicts the main bearish bias.

We remind you that breaching above the main resistance will push to an attempt to achieve 1410.00 as an initial positive target to make the bullish trading returns its control again, while the stability of the resistance will support the bearish bias domination which allows the price to return to attempt to achieve 1340.00 in the medium term basis.

Expected treading range is between 1380.00 and 1410.00

Expected trend for today: neutral

[Samirofi]

Platinum settles neutrally 12/2/2014



Platinum last trading settled around the bearish channel’s resistance level near 1390.00, to make the price confused due to the positive pressure that comes from Stochastic and its inability to breach above the previous resistance, therefore we remain neutral today to monitor the price and detect the main trend in the upcoming period.

We notice the contradiction between Stochastic and the moving average 55 negativity, which pushes us to stay aside, reminding you that the price success to breach will cancel the negative overview and raises the trading towards hitting the moving average around 1405.00.

Expected trading range is between 1380.00 and 1405.00

Expected trend for today: remain neutral

[Samirofi]

Platinum within minor channel 17/2/2014



Platinum keeps forming a bullish bias by settling above the broken resistance level around 1385.00 which pushes the price to form positive wave as appears in the above image by hitting 1432.00, to notice that the price built a minor bullish channel to support the positive expectation in the upcoming period to achieve 1462.000 reaching to the initial resistance around 1490.00

Stochastic rallies with clear positivity to settle within the overbought level which adds more negative pressure to remain waiting for achieving the previously suggested targets.

Expected trading range is between 1410.00 and 1460.00

Expected trend for today: bullish