Monthly chart: so, we see that the foundation of correction has been laid. The index is based deeply in the overbought zone. Divergence plays in hands of bears so that they can fully break the uptrend.
But now there is still a probability that one more upward dash (the last one) will take place in the direction of the upper Bollinger band (2062.8). Support is now based on the middle line (1716.5)
Weekly chart: support is on the middle band (1925.4) and resistance is at the point of 2003.4
Day chart: a reversal is coming into a full force here. Resistance is at the middle Bollinger band (1970.5). From here we can look into sales. A local support is based at 1906.1
Conclusion: we expect that support 1906.1 will be touched, rollback to 1970.5 and continuation of the downward movement will take place in the direction of 1716.5
Monthly chart: a horizontal channel 101.23-115.44 remains without change.
Weekly chart: this flat is more expressed 105.36-111.87
Day chart: a serious pressure put by sellers can push the oil to 101.23
Conclusion: a descend to 101.23 and start of an upward roll back to 107.88.
Monthly chart: here is a flat corridor 1305.81-1636.00
Weekly chart: support is based at 1407.39, resistance is at 1509.27.
Day chart: a descending pressure plus break of the bottom envelope. Perhaps after a rollback to 1487.19 the platinum will continue its decline to 1431.00
Conclusion: a rollback to 1487.19 and then sales to 1431.0
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us