• Platinum reversed from key support level 1050.00
• Likely to rise to resistance level 1100.00
Platinum recently reversed up from the key support level 1050.00 (former resistance which stopped the previous waves (A) and 1).
The support level 1050.00 was further strengthened by the 38.2% Fibonacci correction of the previous sharp upward impulse from the end of December.
Given the medium-term uptrend, Platinum can be expected to rise further toward the next resistance level 1100.00 (which formed the daily Shooting Star earlier this month).
US CPI data a bit softer than forecasts, sparking brief market optimism, but resistance remains.…
🛢️ Oil prices are finding fresh strength as geopolitical tensions in the Middle East reignite…
Middle East tensions and Venezuelan supply shifts drive Brent crude volatility, with geopolitical risks and…
Crypto market edges up as risk appetite returns; Bitcoin and Ethereum recover, despite investor caution…
The dollar resumed its growth after the lawsuit against the Fed chairman. Rumours of early…
Today is Tuesday, the 13th of January, and we will talk about the natural gas…
This website uses cookies