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Platinum

15 Jan 2017 ‚óŹ 05:13 AM

Platinum Spot prices can often give lead indications about the Precious metals space. The ending pattern at the end of wave C down on the chart was indicative of a possible bottom. Though it did take time and retraced more than I would like. But we now have an upward breakout into a 3rd wave. Wave 3 would retest the highs in the coming year.3=1 points to 1260$ as a potential level for the coming year. Near term there is support at 957$, The initial rally was impulsive and if it extends we will go to 1072$, in the coming weeks

platinium-150117

 

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