📉 Platinum is the worst performing commodity during final trading day of the week
Risk-off moods can be spotted on the global markets on the final trading day of the week. Both equities and commodities are pulling back. Interestingly, declines can also be spotted on the precious metals market, where precious metals with industrial use are the worst performers. Silver is moving 2.5% lower while platinum drops around 3.5%. Platinum price has reached $1,150 area yesterday but bulls were unable to push the price higher. A long upper wick has been painted and recent price patterns hint that reversal may be underway. Key support zone to watch can be found near the $1,000 area, at 23.6% retracement.
Source: xStation5
This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr SÄ…dowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
