Platinum: RSI Divergence Signals Exhaustion Near $1,500 Resistance | Metals Mine

  • Platinum: RSI Divergence Signals Exhaustion Near $1,500 Resistance

    From dailyforex.com

    I don't normally talk about platinum too much here at Daily Forex, but this is a chart worth watching because it does follow silver and vice versa. And it has been extraordinarily bullish. Most people don't know much about platinum, but it is a market that futures traders are somewhat attracted to at times when silver starts moving because platinum is part of the silver family. That being said, what I find interesting here is that we have the RSI drifting lower while the price is drifting higher. So, what I mean by that is we have divergence. This is a market that's overdone. And I think we are getting close to the ... (full story)

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