[Platinum]
With all technical indicators showing strength in Platinum, so today #PLF has the potential to strengthen upwards.
Key Levels
1. Resistance. 2 : 1675.7
2. Resistance. 1 : 1654.8
3. Pivot : 1620.2
4. Support. 1 : 1599.3
5. Support. 2 : 1564.7
Tactical Scenario:
Positive Reaction Zone: If the price of #PLF strengthens and breaks above 1654.8, it may test the level at 1675.7.
Momentum Extension Bias: If 1675.7 is breached and closed above, Platinum will continue its strength up to 1710.3.
Invalidation Level / Bias Revision
The upside bias weakens if the price of Platinum declines and closes below 1564.7.
Technical Summary:
EMA(50) : 1619.7
EMA(200): 1595.5
RSI(14) : 63.39
Economic News Release Agenda:
Tonight, after the U.S. market session opens, the following economic data will be released:
US - Mortgage Delinquencies - Tentative.
US - Crude Oil Inventories - 00:00 WIB.
