Platinum (spot) intraday: the upside prevails as l

Platinum (spot) intraday: the upside prevails as long as 1267.4 is support

XPTUSD

Trading Central 2021-02-20 01:44:13

Our pivot point stands at 1267.4.

Our preference: the upside prevails as long as 1267.4 is support.

Alternative scenario: the downside breakout of 1267.4 would call for 1245.1 and 1231.7.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Platinum (spot) is above its 20 and 50 period moving average (respectively at 1281.2 and 1271.3).

Supports and resistances:

1366.5 **

1353.0 *

1339.5 **

1326.1

1285.2 last

1276.2

1267.4 **

Disclaimer

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