fractal_trader
Long

Platinum: Long-Term View

FX_IDC:XPTUSD   Platinum/U.S. Dollar
Platinum             has been in a correction since 2008. Since then it has established a clear lower support of this massive sideways move. Even though the current market phase is a correction, it yielded some opportunities to make profits.
Right now price is appraoching the balance zone, but the lower support hasn't been hit in that internal downtrend that was going on since the beginning of 2015. New lows are possible before the correction could come to an end as price bounces off of that major support level .
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