Platinum (spot) intraday: short term rebound towards 1313.0

Trading Central 2021-02-23 00:49:13

Our pivot point stands at 1252.6.

Our preference: short term rebound towards 1313.0.

Alternative scenario: below 1252.6, expect 1230.4 and 1217.2.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Platinum (spot) is trading under both its 20 and 50 period moving average (respectively at 1272.4 and 1282.0).

Supports and resistances:

1339.4 **

1326.2 *

1313.0 **

1299.8

1271.9 last

1261.2

1252.6 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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