NEWS: Platinum price is falling 1.4% over demand concerns in the EV sector.
Possible Scenarios:
If Platinum fails to breach through S2 of 905.86, our Research Department expects the Platinum to undergo a short- term upward correction.
If Platinum manages to break below its S2 of 905.86, our Research Department expects the Platinum to extend its losses to its S3 of 901.08
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
901.08 |
905.86 |
910.63 |
917.00 |
923.37 |
928.14 |
932.92 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €92.28 |
(+/-) £79.15 |
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.08369
***GBP/USD= 1.26344
Calculations for exchange rate used as of Wednesday, March 27, 2024, 09:33 GMT