Platinum price increased 1.1%

Fast Moving Market - 30/03/2023

30 March, 2023

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Platinum price increased 1.1%. Platinum prices are moving higher as US data comes in lower than expected, pushing the US dollar lower and putting upward pressure on the metals.

Possible Scenarios:

If Platinum fails to breach through R1 of 998.92, our Research Department expects the Platinum to undergo a short- term downward correction.

If Platinum manages to break above its R1 of 998.92, our Research Department expects the Platinum to extend its gains to its R2 of 1007.34.

Support and Resistance Levels:

Platinum	S3	S2	S1	Reference Price	R1	R2	R3
Platinum	959.64	968.06	976.48	987.70	998.92	1007.34	1015.76

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*			USD	EUR**	GBP***
1 dollar per 1 trading lot*			(+/-) $100	(+/-) €91.76	(+/-) £80.9

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.08984
***GBP/USD = 1.23603
Calculations for exchange rate used as of Thursday, March 30, 2023, GMT+1 13:35h

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