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Risk Assets Struggling On Evergrande Worry?


Lower For Third Session


ACGB Purchase Offer Details


Plenty Of Holidays In Play This Week

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  • XPT is on the verge of making a bearish death cross with the 50dma & 200dma, with sentiment in PGMs taking a bit of a knock on Friday and price action pulling back sharply from the underside of the 200dma.
  • XPT currently trades -19.81% off its Feb high at $1,339 and has robust support below at the $1,000 mark, but will need to re-establish itself above the 200dma at $1,109 to stave off more bearish pressure in the near-term
  • Over the medium to longer-term the platinum market is set to experience a supply deficit and expanded demand from the green/EV revolution which may see buyers re-enter lower on the favourable longer-term outlook