Platinum Futures (PL) Price is Breaking Out, Now is the Time to Look for Entry Into Long Position

 In Market News, Technical View, Trading Signals

Platinum price has been consolidating for one year, forming a technical base pattern in price chart, following by a price range breakout (see charts below for more information). Currently, Platinum is trading at $985.0 price level, following almost 100 points run in the last 30 days! As this commodity starting to breakout with momentum, we suggest traders start opening position and add to it on price corrections. Our first price target for this new position is $1,025.

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