Skip to main content

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$ .

Labels:

Popular posts from this blog

BDC/BTC target and resistance levels

#Dbcbtc is targeting 0.0000001730 btc. It is starting to build up a bullish trend on small time frames. It will be a challenging area to break given the bearish trendline as well. Deepbrainchain is one of solid crypto projects that have a good profitable future. #Investincrypto
Post a Comment
Read more

storj update - 1h chart very bullish

Following up on previous analysis  for storj after breaking over bearish trend. Storj reached a high of 0.95$ , retreating back now to 0.84$ . Below is chart for 1h time frame which shows a very strong trendline coming from lows at 0.67$. A break below will be a sign of reversal, we need to keep over that line for a while to keep the bullish move running upwards. Keep following for updates... Follow me on twitter @b4borio
Post a Comment
Read more

Gbp/Usd bearish below 1.2980$

The pair broke below the rising trendline in red as shown in the chart below. It is also trading below 200 hour moving average. There is horizontal resistance at 1.2980$ area followed by 1.3080$ area. Being Short is favorable with stop loss above 1.3080$. Target should be around 1.2640$ , you can book some profits at 1.2780$.
Read more