Platinum (XPT/USD) is in new highs for the year at 1086.37. According to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, the precious netal may see some near-term consolidation below the long-term Fibonacci resistance at 1092. Key quotes “The market has maintained upside pressure and has charted new highs for the year at 1086.37. It has eroded the January 2020 and February 2017 highs at 1046.03/1050.51 and in doing so targets the 1199.51 2016 high and the 1208.53 200-month ma. “Please note that the 28.2% retracement of the entire move down from 2011 lies at 1092 and we may see some consolidation here ahead of further gains.” “We will maintain a positive view while above the 825.12 September low. Initial support is the 915.19 55-day ma.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK PM Johnson: EU wants to take away our control over our fishing waters FX Street 2 years Platinum (XPT/USD) is in new highs for the year at 1086.37. According to Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, the precious netal may see some near-term consolidation below the long-term Fibonacci resistance at 1092. Key quotes “The market has maintained upside pressure and has charted new highs for the year at 1086.37. It has eroded the January 2020 and February 2017 highs at 1046.03/1050.51 and in doing so targets the 1199.51 2016 high and the 1208.53 200-month ma. “Please note that the 28.2% retracement of the entire move down from 2011 lies at 1092 and we… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
