I think platinum has now completed leg C and is on its way up to leg D before sellers come in again. It may extend further down a bit more before going up but i think this is a good level to buy before shorting again. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
- Price is at a strong weekly resistance - RSI represents an overbought condition on the daily - Wait for price action to go short Trading with the trend.
I'm new to commodities and relatively new to Technical Analysis. No associated fundamental Analysis has been undertaken on Platinum. This analysis is shared simply to further my own education and hopefully someone will appreciate it.