Platinum (spot) ST: the upside prevails as long as 1180.7 is support

Trading Central 2021-02-24 10:06:13

Our pivot point stands at 1180.7.

Our preference: the upside prevails as long as 1180.7 is support.

Alternative scenario: the downside breakout of 1180.7 would call for 1104.4 and 1059.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. The price is trading above both its 20 and 50 day moving average (respectively at 1198.1 and 1122.6).

Supports and resistances:

1494.1 **

1447.8 *

1401.6 **


1260.5 last


1180.7 **

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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