Platinum broke above descending trend-line. Price is coiling. Possible breakout in the near future (Comex Session). Bias to the upside. Seems to have found support around $930 (tested three times) after price sold off $60 last week. Still up almost 10% on the month, outperforming both silver and gold.
Link showing commodity price comparison.
prntscr.com/p4os35
I mentioned the initial breakout in a previous idea.
Link showing commodity price comparison.
prntscr.com/p4os35
I mentioned the initial breakout in a previous idea.
Comment:
15 min chart. Price coiling below resistance.
Comment:
After a little choppy price action, we did get our break higher. Price currently stalled at 0.682 fib (from last weeks drop). Expect a move upwards to the 0.5 fib level which looks like a fairly strong resistance level. Could see a pullback around there.
Comment:
Expecting Platinum to break through 960 resistance zone soon. Conservative target $975.
