Platinum (spot) intraday: short term rebound towar

Platinum (spot) intraday: short term rebound towards 1313.0

XPTUSD

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

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