Platinum recently reversed down from the strong resistance area lying between the long-term resistance level 1025.00 (which has been reversing the price from the start of 2017), upper weekly Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse from the middle of 2016.
The downward reversal from this resistance area stopped the previous weekly upward impulse wave C from the end of 2019.
Platinum is likely to fall further toward the next support level 975.00 (previous weekly low and the former pivotal resistance from last year).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies
