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Video: Platinum Price Forecast for March 2021 – Will the Rally Continue?

In the present video, David Jones from Capital.com provides his forecast for platinum in March 2021. He starts the video by discussing the recent strong rally of the metal, which brought prices to the six-year high this month, the fundamentals that were driving it, and what factors will be affecting platinum in the near future. Next, David lists the major support and resistance levels. He then turns to technical analysis — charts and indicators — trying to predict where prices may go next. In the end, David decides to risk and buy platinum now instead of waiting for a pullback that may never happen. He places his stop-loss approximately $100 below the current price level to give the market breathing room amid increased volatility.

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© Commodity Inspector for Commodity Blog, 2021. | Permalink | No comment |
Published under: Forecasts, Platinum, Trading Videos

Via Commodity Blog https://bit.ly/2OA2lVq

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