[#PLF]

Platinum's technical indicators show weakness, starting from a Death Cross of the both EMAs and RSI(14) in the Neutral-Bearish level, so there is a high probability that #PLF will weaken today toward its nearest support level.

Key Levels

1. Resistance. 2 : 2221.3

2. Resistance. 1 : 2185.2

3. Pivot : 2137.3

4. Support. 1 : 2101.2

5. Support. 2 : 2053.3

Tactical Scenario

Pressure Zone: If the price of #PLF fails to break and close above 2137.3, there is potential for renewed pressure toward 2101.2.

Momentum Extension Bias: If 2101.2 is broken to the downside, #PLF may attempt to test the next support at 2053.3.

Invalidation Level / Bias Revision

The downside bias is restrained if #PLF strengthens and breaks above 2221.3.

Technical Summary

EMA(50) : 2117.2

EMA(200): 2164.6

RSI(14) : 34.38

Economic News Release Agenda:

There are no economic data releases from the U.S. market session today.