Platinum
The Death Cross intersection of the EMAs is putting pressure on Platinum, so today it is has the potential to be pressured toward its nearest support level.
Key Levels
1. Resistance. 2 : 2071.3
2. Resistance. 1 : 2045.7
3. Pivot : 2006.8
4. Support. 1 : 1981.2
5. Support. 2 : 1942.3
Tactical Scenario
Pressure Zone: If the price breaks down below 2006.8, there is potential for continued pressure toward 1981.2.
Momentum Extension Bias: If 1981.2 is broken, Platinum may continue down to 1942.3.
Invalidation Level / Bias Revision
The downside bias is restrained if the price strengthens and breaks above 2071.3.
Technical Summary
EMA(50) : 2014.4
EMA(200): 2042.1
RSI(14) : 61.12
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - ADP Weekly Employment Change - 19:15 WIB
US - HPI m/m - 20:00 WIB
US - S&P/CS Composite-20 HPI y/y - 20:00 WIB
US - CB Consumer Confidence - 21:00 WIB
US - Richmond Manufacturing Index - 21:00 WIB
US - API Weekly Statistical Bulletin - 03:30 WIB
