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).
- Adobe reversed from resistance level 500.00 - Likely to fall to support level 460.00…
- Goldman Sachs rising inside impulse waves 3 and (3) - Likely to rise to…
- WTI crude oil reversed from support area - Likely to rise to resistance level…
- AUDJPY reversed from support area - Likely to rise to resistance level 103.00 AUDJPY…
German industrial production continues to decline. The rate of contraction in March was slightly better…
US indices have been gaining daily since the beginning of May. They have found strength…
This website uses cookies