Thursday, October 22, 2015

Platinum keeps its bullish trend

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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