Platinum price forecast – May 18, 2016


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Quotes platinum traded under the uptrend. At the moment there is a potential for a fall to the lower boundary of the rising channel.

Platinum price forecast – May 18, 2016

Platinum price forecast – May 18, 2016

In favor of the falling test indicates a downward trend line on the indicator RSI. The aim of the platinum price fall is the area on the level below 1000. Cancellation option to continue the development of an upward movement will break through the rising channel’s lower border. Thus, Platinum price forecast – May 18, 2016 assumes a drop in prices in the region in 1000 as part of the rebound from the resistance on the display relative strength, where is expected to continue the upward trend.

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