Monthly chart: bulls continue to put a pressure, but in general uptrend looks like almost fully exhausted. Key resistance is based on 2050,7, from where reversal or a significant correction will take place with a high probability.
Weekly chart: oscillator's divergence confirms that reversal is close to come. Nevertheless, we are waiting for new highs to be reached before.
Day chart: divergence is also strong here, besides, resistance from the upper Bollinger band (1991.4) is still working. Support is based at 1956.6 ( bottom Bollinger band).
Conclusion: main scenario is descend from current levels to 1956.6 and a further growth to1991.4. Another option is the direct growth to 2050.7
Monthly chart: oil preserves horizontal channel 100.57-115.00.
Weekly chart: a more localized channel 105.36-111.87. Inside bar from the bottom Bollinger band does not allow bears to expect leave lower than at 105.36.
Day chart: we confirm a narrow range 105.36-111.87
Conclusion: growth from current levels to 111.87 and leave to correction down to 105.36.
Monthly chart: platinum is still based in flat range 1305.81-1630.89
Weekly chart: a more localized support is based at the bottom Bollinger band (1406.74), from where a potential for growth to 1509.10 will probably be found (the upper band).
Day chart: a gripe in the triangle spring between 1458.92 and 1513.76. Inside bar from the bottom band is seen, which ensures protection for the support 1458.92.
Conclusion: a direct growth from Open to 1513.76 and return down further to touching it.
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us