NEWS: Platinum price is falling -2.1% following new PPI (Producer price index) data from the US
Possible Scenarios:
If Platinum fails to breach through S2 of 948.57, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S2 of 948.57, our Research Department expects the Platinum to extend its losses to its S3 of 942.34.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
942.34 |
948.57 |
954.80 |
963.10 |
971.40 |
977.63 |
983.86 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €97.56 |
(+/-) £82.32 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.02505
***GBP/USD = 1.21476
Calculations for exchange rate used as of Tuesday, January 14, 2025, 14:18 GMT