Platinum (spot) intraday: the downside prevails as long as 961.7 is resistance

Trading Central 2020-11-21 06:00:04

Our pivot point is at 961.7.

Our preference: the downside prevails as long as 961.7 is resistance.

Alternative scenario: above 961.7, look for 975.3 and 983.4.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Platinum (spot) is trading under both its 20 and 50 period MA (respectively at 955.0 and 955.2).

Supports and resistances:

983.4 **

975.3 *

961.7 **

956.4

950.3 last

932.6

924.6 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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