Latest Articles

Crude Oil Price Forecast Update – March 7, 2025

Crude oil prices are currently showing strong bullish momentum, approaching the $67.05 mark and attempting to break through this level. This movement signals a...
HomeLatestPlatinum Price Awaits Confirmation of Breakout - Forecast for July 18, 2024

Platinum Price Awaits Confirmation of Breakout – Forecast for July 18, 2024

Platinum price made attempts to extend gains, touching $1028.00 recently. However, weak positive momentum led to a decline below the $1015.00 level, resulting in sideways movement with the price settling near $1000.00.

It’s important to note that the bullish outlook hinges on strong support around the $983.00 level. Maintaining above this support is crucial to gathering additional positive momentum and confirming a breakout, which could lead to renewed bullish attempts targeting $1042.00 and potentially reaching $1062.00 in the medium term.

Today’s anticipated trading range is projected between $990.00 and $1042.00.

Trend Forecast: Bullish

Related topics: