Platinum (spot) intraday: target 1235.4

XPTUSD

Trading Central 2021-02-20 06:36:12

Our pivot point stands at 1297.2.

Our preference: target 1235.4.

Alternative scenario: above 1297.2, look for 1319.5 and 1332.7.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Platinum (spot) is trading under its 20 period moving average (1284.0) but above its 50 period moving average (1272.0).

Supports and resistances:

1332.7 **

1319.5 *

1297.2 **

1288.4

1276.2 last

1248.6

1235.4 **

Disclaimer

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