Platinum earlier reversed up sharply from the round support level 1000.00 (former multi-month resistance from September, acting as the support now after it was broken by the previous sharp upward impulse wave 3)
The upward reversal from the support level 1000.00 started the (b)-wave of the active short-term ABC correction 4.
Given the overriding daily uptrend – Platinum is likely to rise further toward the next resistance level 1040.00 (which stopped the previous sharp upward impulse wave 3).
- NZDUSD falling inside weekly impulse wave C - Likely to fall to support level…
- GBPUSD broke key support level 1.2300 - Likely to fall to support level 1.2100…
- WTI crude oil reversed from support level 72.25 - Likely to rise to resistance…
- USDCAD reversed from support zone - Likely to rise to resistance level 1.4450 USDCAD…
- GBPCHF reversed from resistance zone - Likely to fall to support level 1.1200 GBPCHF…
- USDJPY broke resistance level 158.00 - Likely to rise to resistance level 160.00 USDJPY…
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