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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
PLATINUM
- 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
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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