Platinum shorts are covering, rally to $1,100 up next?

Matt Simpson financial analyst
By : ,  Market Analyst

Platinum has risen just over 20% from its December low which means it is now within a technical bull trend. Prices may have been choppy of late, but it is building a base above its 200-day eMA and is back above 1,000. With bears closing out their positions we need fresh longs to return to help this break above a key level.

 

 

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