Platinum (spot) ST: as long as 1027.3 is support look for 1193.2

Trading Central 2021-01-13 10:15:04

Our pivot point stands at 1027.3.

Our preference: as long as 1027.3 is support look for 1193.2.

Alternative scenario: the downside breakout of 1027.3 would call for 968.3 and 933.2.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace in the short term. The price is trading above both its 20 and 50 day moving average (respectively at 1058.1 and 1002.6).

Supports and resistances:

1264.2 **

1228.7 *

1193.2 **

1157.6

1082.8 last

1050.5

1027.3 **

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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