Here we see a price analysis of Platinum and Uranium on the weekly chart.
Both the commodities took major losses in the recent weeks and according to my chart study and fundamentals overview, this downtrend will continue.
If we look at the Uranium weekly chart, the downtrend will continue until the strong weekly/monthly support levels (11.88 Dollar area). In this zone, I will look for buy opportunities.
Looking at the platinum chart, The 811 Dollar area is a strong weekly/monthly support area. If price hits this zone, I will look for buy opportunities
Be aware of this opportunity and have a good weekend traders!
Both the commodities took major losses in the recent weeks and according to my chart study and fundamentals overview, this downtrend will continue.
If we look at the Uranium weekly chart, the downtrend will continue until the strong weekly/monthly support levels (11.88 Dollar area). In this zone, I will look for buy opportunities.
Looking at the platinum chart, The 811 Dollar area is a strong weekly/monthly support area. If price hits this zone, I will look for buy opportunities
Be aware of this opportunity and have a good weekend traders!