Adam Smith Associates - Watch Platinum It May Go Up To 1072$


Platinium Spot prices can often give lead indications about the Precious metals space. The ending pattern at the end last years correction shown in blue on the chart was indicative of a possible bottom soon. Though it did take time and retraced more than I would like, the reversal is complete. We now have an upward breakout into a 3rd wave. Wave 3 would retest the highs in the coming year. 3=1 points to 1260$ as a potential level for the coming year. Near term there is support at 957$, The initial rally was impulsive and if it extends we will go to 1072$, in the coming weeks


Adam Smith Associates offers trade & commodity finance related services & solutions to its domestic & international clients. Views expressed in this article is purely of the author - Mr Rohit Srivastava - a leading technical analyst. Visit www.adamsmith.tv for services offered by Adam Smith Associates Pvt Ltd

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