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Spot Platinum

  • Writer: Lester Davids
    Lester Davids
  • 5 days ago
  • 1 min read

NOTE: When Published Intraday (JSE Equities), Prices Are Delayed By 15 Minutes


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Spot Platinum (XPT/USD) | The commodity is higher by 20% vs our note on 25 June, part of which was influenced by the price action model. The daily time frame reflects a price that is in a 'STRONG' regime and is starting to trade into a flat 200-day simple moving average (SMA). The short term trend is positive, with the price developing higher highs and higher lows, supported by rising 8-day and 21-day exponential moving averages. Short term resistance is in the $1960 to $2050 range while strong short term support is around the $1700 level.


Lester Davids

Senior Investment Analyst: Unum Capital

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