Platinum: Bullish bias holds as breakout test looms - OCBC
OCBC’s Christopher Wong keeps a firmer tactical bias on Platinum, favouring buy-on-dips despite a recent loss of momentum near 1860–1910. Mild bullish momentum remains intact, with key resistance at 1863–1943 and upside potential towards 2065 on a clean breakout. Supports are identified around 1815 and 1765, anchoring the constructive near-term view.
Rebound pauses but structure positive
"Platinum retains the firmer tactical bias. Platinum's mild bullish momentum and buy-on-dips bias remain intact, though it needs to clear 1863-1943 to extend towards 2,065."
"Platinum’s rebound has lost some momentum with the recent rally stalling around the 1860-1910 area. Last seen at 1850 levels."
"Mild bullish momentum remains intact. Key area of resistance at 1863 (23.6% fibo retracement of 2026 high to low) - 1943 (200 DMA). A clean break out is needed for bulls to gain greater conviction. Next resistance at 2065 (38.2% fibo). Bias to buy dips."
"Support at 1815 (100 DMA), 1765 (21 DMA)"
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
