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Platinum Daily Technical Analysis | 30 January 2018

2018-01-30 07:05 am | Resource: Technical Analysis Section | No Views : 294

At the end of last week, the Platinum failed to break through 1013 as a result of the emergence of a negative swallow candle and led to the decline of the commodity to break the $ 1000 barrier.

Platinum Daily Technical Analysis | 30 January 2018

Currently, the commodity failed to achieve the completion point of the negative participle pattern we mentioned in a previous report. Currently, the palladium is trading in a bearish direction as a result of breaking the ascending trend line on the 240-minute interval, and the simple moving average is pointing down.
Momentum RSI 14 is still trading in a bearish direction and the index broke the bullish trend line during yesterday's trading.
It is expected that, in the case of palladium break, the level of $ 987 may target areas, while in the case of breach of $ 1027 levels may target the level of 1047.27.
Support: 872.53- 953.14- 918.84
Resistance: 1000.93- 1013.42 - 1047.27
Trend: Down


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