Platinum update: Good recovery

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24 MAY 2018

Weekly support has held out and a recovery phase has commenced within the longer term trading range 890<>990. Both trading-longs and longer term accumulation are justifiable as long as the support cluster around 890 holds out (allowing for some intraday overshooting).

  • Near term trend: positive
  • Long term trend: neutral
  • Outlook: accumulate / trading-long
  • Support: 890 / 824
  • Resistance: 990 / 1030 / 1335*

Weekly chart Platinum (spot):

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