Currently at a long term inflection point, but I don't think it is that strong where it is... mainly due to the number of touches it has had over the years
However, looking out from here there is one KEY level worth noting, and this is the 640 level
I will be looking for positions long on platinum related assets when platinum gets down to 640, as this is both a major demand level on the monthly chart, but also a major support and resistance level going back 22 years..
This will be a major level of support in my opinion and I will be buying, we are still at 791 right now but if it gets anywhere near 640 I will be scouring for position long opportunities on anything related to Platinum
However, looking out from here there is one KEY level worth noting, and this is the 640 level
I will be looking for positions long on platinum related assets when platinum gets down to 640, as this is both a major demand level on the monthly chart, but also a major support and resistance level going back 22 years..
This will be a major level of support in my opinion and I will be buying, we are still at 791 right now but if it gets anywhere near 640 I will be scouring for position long opportunities on anything related to Platinum
Note
Sorry 33 year S/R level
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.
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.