Platinum price eases toward $2,050 as higher crude supports dollar strength | Metals Mine

  • Platinum price eases toward $2,050 as higher crude supports dollar strength

    From tradersunion.com

    Platinum has returned into a more fragile part of the chart after the movement we saw earlier in the week. The drop below the low $2,100 area has shifted the near-term structure lower again, with the market now trading much closer to support than resistance and momentum no longer showing the steadier tone that appeared during the brief bounce.The first area that now matters sits around $2,030 and then $2,000. If buyers defend that band, platinum may try to slow the decline and rebuild into a narrower range. If that zone breaks cleanly, the chart opens the door to a deeper retracement, while any upside repair would ... (full story)

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