Platinum (spot) intraday: as long as 1272.3 is support look for 1332.5

Trading Central 2021-02-22 12:56:13

Our pivot point is at 1272.3.

Our preference: as long as 1272.3 is support look for 1332.5.

Alternative scenario: below 1272.3, expect 1249.8 and 1236.4.

Comment: the RSI is above 50. The MACD is below its signal line and positive. Prices could retrace in the short term. Platinum (spot) is trading above both its 20 and 50 period moving average (respectively at 1285.5 and 1277.9).

Supports and resistances:

1359.3 **

1345.9 *

1332.5 **

1319.0

1290.6 last

1281.1

1272.3 **

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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