Platinum ready to break higher?
Platinum hit a 15 year low in August 2018. Since then price has been consolidating. Platinum historically has been more expensive than gold. Price has possibly broken above the bearish trendline and looks ready to break out.
Seasonality supports the break higher. charts.equityclock.com/seasonal_charts/futures/FUTURE_PL1.PNG
On the downside, there seems to be strong support around $780.
Seasonality supports the break higher. charts.equityclock.com/seasonal_charts/futures/FUTURE_PL1.PNG
On the downside, there seems to be strong support around $780.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.