PLATINUM

With RSI(14) indicator as well as price movement which is above both EMA(50) and EMA(200), showing that the bullish bias remains dominant, so there is potential in the near term for Platinum to rise toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 2004.7

2. Resistance. 1 : 1967.8

3. Pivot : 1942.2

4. Support. 1 : 1905.3

5. Support. 2 : 1879.7

Tactical Scenario

Positive Reaction Zone: If the price holds at 1967,8, there is a likelihood of a move up toward 2004.7.

Momentum Extension Bias: If 2004,7 is broken, there is potential for the rally to continue toward 2030.3.

Invalidation Level / Bias Revision

The upside bias weakens if Platinum falls below 1879.7.

Technical Summary

EMA(50) : 1954.9

EMA(200): 1964.1

RSI(14) : 62.83

Economic News Release Schedule:

There are no U.S. economic data releases today due to a national holiday.