NEWS: Platinum price is increasing 5.4% as geopolitical tensions between Russia and Ukraine remain high
Possible Scenarios:
If Platinum fails to breach through R2 of 2131.12, our Research Department expects the Platinum to undergo a short- term downward correction.
If Platinum manages to break above its R2 of 2131.12, our Research Department expects the Platinum to extend its gains to its R3 of 2162.42.
Support and Resistance Levels:
|
Platinum |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1953.78 |
1985.08 |
2016.37 |
2058.10 |
2099.83 |
2131.12 |
2162.42 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
EUR** |
GBP*** |
|
|
(+/-) $100 |
(+/-) €84.5 |
(+/-) £73.84 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.18345
***GBP/USD = 1.35424
Calculations for exchange rate used as of Wednesday, February 18, 2026, 15:15 GMT