Type: Bullish RiseKey Levels:Resistance: 974.7Pivot: 941.5Support: 919.7Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 941.5 in line with the overlap support and 23.6% fibonacci retracement to 1st resistance at 974.7 in line with the 78.6% fibonacci projection and swing high resistance.Alternative Scenario:Alternatively, price may break pivot structure and drop to the 1st support at 919.7 where the swing low support, 78.6% fibonacci retracement and 100% fibonacci projection are.Fundamentals:As investors are seeking to hedge against inflation , we have a weak bullish view on platinum .
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/platinum-futures-pl1-h1-potential-for-bullish-rise17"
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