ASX 0.14% $64.41 asx limited

Platinum (PL, NYMEX) : Critical Support 2108Monthly Cycle Pivot...

  1. 1,248 Posts.
    Platinum (PL, NYMEX) : Critical Support 2108


    Monthly Cycle Pivot Centers : 1713 - 1720- 1909
     Normal Lower Limits : 1315 - 1457 - 1622
    Normal Upper Limits : 1983 - 2110 - 2196

    Weekly Cycle Pivot Centers : (2120) - (2135) - (2149)
     Normal Lower Limits : 1972 - 2108 - 1995
    Normal Upper Limits : 2275 - 2326 - 2333

    Directional Indicator : 1713 - 1720 - 1728* - 1782* - 1791* - 1909 - [1940] - [1943] - [1954] - (2120) - (2135) - (2149)


    Remarks : The market momentum is strong when it is trading above the weekly cycle pivot center at 2149. On the other speculative selling pressure when the market is trading below the weekly cycle pivot centers at (2120) - (2135) - (2149). As shown in the monthly cycle charts the market is trading in the extreme trading ranges and a pull back is imminent. The weekly cycle normal upper limits at 2275 - 2326 - 2333 would serve as short term resistant range.


    Platinum : Monthly Cycle Charts
    http://www.qindex.com/platinum.html
    Albert Cheung (Ph.D.)

 
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