Platinum

[Samirofi]

Platinum is under negative pressures- analysis- 26/8/2014



Platinum price achieved a new negative close to notice its stability at 1415.00 level which represents the beginning of the price release to the downside and below the bullish channel’s support, therefore, we prefer the continuation of forming new bearish waves and to support achieving 1395.00 level in the near period.

We remind you that surpassing 1395.00 barrier will add more negative pressure and to allow platinum price to achieve 1360.00 level to confirm the bearish bias domination in the upcoming period.

Expected trading range is between 1425.00 and 1395.00

Expected trend for today: bearish

[Samirofi]

Platinum surpasses the support – analysis - 22/9/2014



Platinum price gains more negative momentum in Friday’s trading to be released clearly form the initial support level located at 1345.00, and that supports the domination of the bearish bias in the upcoming period and to remain waiting for reaching 1310.00 level then achieving the main support located at 1292.00.

Stochastic strong negativity supports our bearish expectation, which allows platinum price to gain the required bearish momentum to achieve the previously suggested targets.

Expected trading range is between 1345.00 and 1310.00


Expected trend for today: bearish.

[Samirofi]

Platinum faces new support- analysis- 27/11/2014



Platinum formed some negative trading yesterday to face a new support level at 1212.70 to support the positive attempts in the near period, which supports the stability of the price mainly above the moving average, and that makes us wait for achieving 1240.00 level in the near period.
We notice that stochastic declines to approach from 50 level, which makes us wait for gaining positive momentum and that supports the extension of platinum price in the near period to achieve the previously suggested target.
Expected trading range is between 1215.00 and 1240.00
Expected trend for today: bullish

[Samirofi]

Platinum moves calmly- analysis- 11/5/2015

Platinum formed some sideways moves since the last days, to keep its negative stability below 1150.00, the EMA50 attempts to support confining the price within the negative level, which pushes us to keep preferring the domination of the negativity in the near period, until the price decline towards recording some gains, which begin at 1125.00 and 111.00.
We should mention that any attempt to breach the current resistance will cancel the negative overview, which makes the price attempts to record the positive targets that start at 1165.00 and extend to 50 % Fibonacci that located at 1190.00.
Expected trading range is between 1110.00 and 1150.00


Expected trend for today: bearish