The rally in platinum futures prices received another bullish confirmation this week.
As you can see on today’s chart, Platinum futures broke out over near-term resistance and appear to be headed higher.
I like the structure of the base and leveled breakouts. The MACD indicator is turning up and should be supportive to the near-term trend.
As well, a Money Flow Unit (MFU) formed to give us a potential intermediate price target of $1249. Look for initial resistance from $1184 to $1200.
Platinum Futures Trading Chart – Breaking Out?
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