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Platinum: consolidation before next move

Thursday, July 16, 2015 12:37 AM UTC

Platinum is on the verge of breaking below down sloping channel in force since 2011 (1070/89). The 14-month RSI is not breaking yet a horizontal support line. Last weekly close below 1070 suggests possibility of further weakness towards 985 and even towards 2004 levels of 950/955.

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Platinum: consolidation before next move

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