Platinum

Technical Analysis – Platinum futures stands in bullish correction within long-term’s negative structure

Posted on November 16, 2018 at 11:18 am GMT

Platinum futures delivered on January 2019 are moving higher over the last three months, following the bounce off the 753 support level. The price seems to be in a bullish correction mode as it surpassed the first significant level of Fibonacci barriers, the 23.6% level, taken from the downleg from 1030 to 753, near 818. From the technical point of view, the RSI indicator looks neutral near the 50 level, while the MACD oscillator holds below the trigger line but [..]

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