Platinum turns green – Analysis – 16-2-2021

Economies.com
2021-02-16 05:55AM UTC

Platinum price continued to form strong bullish waves to notice surpassing 1315.00 target and record 1337.70, while the main stability within the bullish channel along with the stability of the initial support at 1230.00 allow us to suggest more rise until reaching the major resistance at 1395.00, followed by monitoring the price behavior due to the importance of this level to detect the next main trend.

 

The expected trading range for today is between 1275.00 and 1395.00

 

The expected trend for today: Bullish

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