PLATINUM (#PLF) Buy Long Above 1430.00, December/20/ 2011 (Weekly Strategy)

PLATINUM

Platinum is a precious metal in the world, even more expensive and precious than gold and silver. Its applications are many and varied, such as is used for weights and measures used in the electronics industry for electrical contacts subjected to high temperatures and in the manufacture of electrodes attached to chemical attack.

The correction of the metals is due to the growing concern of investors in the eurozone problems.


At the technical level, we see that the Platinum is trading at their lows for the year 2010. In August of this year reached 1912.1 and 1375.8 trading on December 15 a few days ago, (the annual minimum). There is now good reason to take bullish positions, with a long-term goal in 1650 . The indicators RSI, Momentum, and show an upward trend and a change in imminent rebound of short-term trend.