Platinum Wave Analysis – Action Forex

f platinum3

Platinum reversed from resistance level 1010.00
Likely to fall to support level 990.00

Platinum just reversed down from the major resistance level 1010.00, which has been reversing the price from the end of December.

The resistance level 1010.00 stands well above the upper daily Bollinger Band – increasing the possibility of the sharp correction in the near-term future.

Give the strength of the resistance level 1010.00, overbought daily Stochastic, Platinum can be expected to fall further toward the next support level 990.00.

Previous articleEco Data 5/14/24
Next articleMorning Report

FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

This article was originally published by a

Read it HERE


Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *