NEWS: Platinum price is increasing 1.5% following lower-than-expected Producer Price Index data from the US
Possible Scenarios:
If Platinum fails to breach through R1 of 986.39, our Research Department expects Platinum to undergo a short-term downward correction.
If Platinum manages to break above its R1 of 986.39, our Research Department expects Platinum to extend its gains to its R2 of 993.20.
Support and Resistance Levels:
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
954.58 |
961.40 |
968.21 |
977.30 |
986.39 |
993.20 |
1000.02 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €89.24 |
(+/-) £75.2 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12061
***GBP/USD = 1.32979
Calculations for exchange rate used as of Thursday, May 15, 2025, 1340 GMT+1