FX.co ★ Platinum, currently dominated by buyers, appears likely to continue strengthening today.

[Platinum]

With all technical conditions showing strength for Platinum which means that buyers are dominan, then #PLF will test its nearest resistance level.

Key Levels

1. Resistance. 2 : 2392.5

2. Resistance. 1 : 2336.5

3. Pivot : 2272.5

4. Support. 1 : 2216.5

5. Support. 2 : 2152.5

Tactical Scenario

Positive Reaction Zone: If the price holds above 2272.5, there is a strong likelihood #PLF will rise toward 2336.5.

Momentum Extension Bias: If 2336.5 is broken, it is likely to test 2392.5.

Invalidation Level / Bias Revision

The upside bias weakens if Platinum falls and closes below 2152.5.

Technical Summary

EMA(50) : 2309.1

EMA(200): 2278.7

RSI(14) : 71.37

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