23.12.202407:06 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Platinum Commodity Asset, Monday December 23, 2024.

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Although currently on its daily chart, the Platinum commodity asset is moving in a Bearish condition which is indicated by its price movement moving within the Bearish Pitchfork channel and below the WMA (30 Shift 2) which also has a downward slope, but with the appearance of the Failing Wedge pattern and the deviation between the price movement of the Platinum commodity asset which makes a Lower Low while the Stochastic Oscillator indicator actually forms a Lower High and has also Crossed Buy above level 20, then in the next few days as long as #PLF does not break through and close below level 919.6 it will potentially bring Platinum to strengthen up to level 963.5 and if this level is successfully broken and the price closes above that level, #PLF will continue to strengthen to 998.0 and 1019.3 if the momentum and volatility support it.

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