Even though
the commodities sector has been in a downtrend, platinum has kept a very good
bullish trend as we can see on the daily chart. During the last few days,
platinum has taken a break after hitting a high at the 1023.87 level, but this consolidation
could just be a resting point to continue going higher. If it breaks above the
1023.87 level, the price may find some resistance at the 1035.85. There is also
the probability of seeing a retracement to the downside, therefore if the price
breaks below the 997.46, the bearish momentum may accelerate.
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It could have found some resistance.
ReplyDeleteIt seems to be reversing.
ReplyDeleteIt may have found some resistance at 1010.90.
ReplyDeleteThanks for this analysis!
ReplyDeleteWe see some resistence in platinum
ReplyDeleteVery useful analyses, tank you.
ReplyDeleteGood to know!
ReplyDeleteVery useful analysis.
ReplyDeleteI will watch the level.
ReplyDelete