Commodity News

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, soft commodities, and Bitcoin

Archives

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

February 22, 2021 at 20:44 by Vladimir Vyun

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.

If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below.

Leave a Reply

required
required  

Navigation

Menu