Platinum recently reversed up from support area lying between the support level 905.00 (former top of the previous impulse wave (1)) and the 50% Fibonacci correction of the previous upward impulse 1 from the middle of October.
The upward reversal from this support area stopped the earlier short-term corrective wave 2.
Platinum is expected to rise further and retest the next resistance level 940.00 (top of the previous impulse wave 1).
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
US CPI went in line with expectations, but this hasn't changed the outlook for the…
The crypto market experienced a slight decline in market capitalisation after a week-long rally. Bitcoin…
This website uses cookies
