Platinum price is falling -1.0%

Fast Moving Market - 25/09/2023

25 September, 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 is falling -1.0%. Platinum price is falling as the US dollar rises sharply after hawkish fed remarks last week.

Possible Scenarios:

If Platinum fails to breach through S2 of 921.16, our Research Department expects the Platinum to undergo a short- term upward correction.

If Platinum manages to break below its S2 of 921.16, our Research Department expects the Platinum to extend its losses to its S3 of 917.37.

Support and Resistance Levels:

Platinum	S3	S2	S1	Reference Price	R1	R2	R3
Platinum	917.37	921.16	924.95	930.00	935.05	938.84	942.63

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*			USD	EUR**	GBP***
1 dollar per 1 trading lot*			(+/-) $100	(+/-) €94.29	(+/-) £81.9

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.06060
***GBP/USD = 1.22099
Calculations for exchange rate used as of Monday, September 25, 2023, GMT+1 14:45h

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