#PLF
Although RSI(14) indicator remains in the Neutral-Bearish area, but both EMAs are still in a Golden Cross, so that it's indicating potential for Platinum to strengthen toward its nearest resistance.
Key Levels
1. Resistance. 2 : 2508.7
2. Resistance. 1 : 2442.3
3. Pivot : 2351.2
4. Support. 1 : 2284.8
5. Support. 2 : 2193.7
Tactical Scenario
Positive Reaction Zone: If the price breaks out above 2442.3, #PLF may continue upward toward 2508.7.
Momentum Extension Bias: If 2508.7 is broken, there is potential for #PLF to extend its rally to 2599.8.
Invalidation Level / Bias Revision
The upside bias weakens if the price breaks and closes below 2193.7.
Technical Summary
EMA(50) : 2362.7
EMA(200): 2282.6
RSI(14) : 41.18
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - Final Manufacturing PMI - 21:45 WIB
US - ISM Manufacturing PMI - 22:00 WIB
US - ISM Manufacturing Prices - 22:00 WIB