Platinum (spot) intraday: short term rebound towards 1315.1

Trading Central 2021-02-23 05:50:15

Our pivot point is at 1256.5.

Our preference: short term rebound towards 1315.1.

Alternative scenario: the downside breakout of 1256.5 would call for 1234.3 and 1221.1.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Platinum (spot) stands above its 20 period moving average (1273.5) but below its 50 period moving average (1279.7).

Supports and resistances:

1341.6 **

1328.4 *

1315.1 **


1274.9 last


1256.5 **

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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