21.01.202510:59 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Platinum Commodity Instrument, Tuesday January 21, 2025.

The Platinum commodity instrument on its 4-hour chart is currently still moving in a weakening condition where this is confirmed by its price movement which is moving within the Bearish Pitchfork channel and the occurrence of Divergence between its price movement and the Stochastic Oscillator indicator so that in the near future Platinum has the potential to continue its weakening again where the level of 938.5 will be tested by #PLF if this level is successfully break and closes below it then #PLF will continue its weakening again to the level of 928.2 and if the momentum of weakening and its volatility are strong enough then 904.3 will be the next target but please also note that on its way to the target levels there is suddenly a significant strengthening especially if it breaks and closes above the level of 973.5 then all the weakening scenarios that have been described previously will become invalid and canceled by themselves.

(Disclaimer)