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Platinum looks supported at 945$

The metals have been sliding since last week and platinum is no exception.

However it looks very supported around 945$ and it looks like a nice chance to go long on metals now ahead of the FOMC minutes later today.

Platinum has strong resistance at 970$ ahead of 1012$ .

Platinum has been not able to stabilize above critical level at 1064$ and it has been a very good short position.

Looking on larger scale , international economy is not doing well and the banking sector is facing alot of challenges.

So metals are always a good hunt if we are going into risky mood.

A weekly close below 940$ area will open the road towards 895$ .

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