Categories: Technical analysis

Platinum Wave Analysis – 15 June, 2022

• Platinum reversed from support level 920.00
• Likely to rise to resistance level 960.00

Platinum recently reversed up from the support level 920.00 (which is the upper border of the support zone which has been reversing the price from the middle of September, the lower boundary stands at 900.00).

The upward reversal from the support level 920.00 stopped the previous minor retracement 2 from the start of June.

Given the oversold daily Stochastic, Platinum can be expected to rise further toward the next round resistance level 960.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: platinum

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