Seems PLA has tested the $1.10 line a couple of times - $1.08 would represent the 50% retrace from its recent low to high run of $0.87 to $1.29. A run where we saw it break its MT downtrend.
ST indicators look low to enable another test of this high.
Platinum is still holding the $1500/oz mark and all other fundamentals look sound. Will be an interesting 5-10 days i think
Discl. Medium size parcel for a MT hold
PLA Price at posting:
$1.14 Sentiment: LT Buy Disclosure: Held
