Consolidating platinum


" data-reactid="20"First, take a look at the daily chart above.The 200-day moving average illustrates the downtrend, with platinum's price dropping below its moving average in April last year and only trading back above it for an approximate total of two weeks since.If price breaks this resistance, it could be indicative of a move up towards the 200-day moving average and historic support/resistance at 1,445.0-1,400.0.To get a better idea of exactly what is going on in the current consolidation phase, take a look at the four hour platinum price chart above.The technique also allows a greater flexibility to develop each conversation to the maximum benefit of the project.At PC, we specialise in business to business market research reports.If you don’t have a good Web administrator keeping your Web site running, well, you won’t have a Web site. For many people the first and often only time they interact with their Web administrator is when they get an account on the system.

From its lows, platinum regained some strength against the dollar throughout August and September 2013, rising to around 1,550.0. Seven consecutive weeks of declines drove the price of platinum down to a little above 1,350.0, and it now sits just shy of 1,400.0 at 1,381.9.

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Will this longer-term downtrend continue, and if so, where will it end?

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