[Platinum]

With all technical indicators showing strength in Platinum, so today #PLF has the potential to strengthen upwards.

Key Levels

1. Resistance. 2 : 1675.7

2. Resistance. 1 : 1654.8

3. Pivot : 1620.2

4. Support. 1 : 1599.3

5. Support. 2 : 1564.7

Tactical Scenario:

Positive Reaction Zone: If the price of #PLF strengthens and breaks above 1654.8, it may test the level at 1675.7.

Momentum Extension Bias: If 1675.7 is breached and closed above, Platinum will continue its strength up to 1710.3.

Invalidation Level / Bias Revision

The upside bias weakens if the price of Platinum declines and closes below 1564.7.

Technical Summary:

EMA(50) : 1619.7

EMA(200): 1595.5

RSI(14) : 63.39

Economic News Release Agenda:

Tonight, after the U.S. market session opens, the following economic data will be released:

US - Mortgage Delinquencies - Tentative.

US - Crude Oil Inventories - 00:00 WIB.