Platinum Daily View for 6th September 2023

By: Admin
143032

Insignia Consultants

Wednesday, September 6, 2023

TIME 10:20 AM IST                       

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Platinum Daily View for 6th September 2023

Intraday trend is neutral for Platinum. Position squaring and rebuilding for the Federal Reserve meeting on 20th September can see frequent trend change. Overall all the price fall upto $880 are a part and parcel of the medium term bullish trend in platinum.

PLATINUM OCTOBER FUTURE (Current Market Price $930.10)

  1. 50 Day Simple Moving Average: $944.70
  2. 100 Day Simple Moving Average: $968.40
  3. Intraday Supports: $913.50 and $925.50
  4. Intraday Resistances: $944.70
  5. Platinum October has to trade $925.50 today to rise to $944.70 and $968.40.
  6. Sellers will be there on a sustained fall below $913.50.
  7. A daily close below $925.50, (if any) today, tomorrow and Friday can cause a short term bearish trend.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views o the individual analyst, In no event shall Insignia Consultants or its employees have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be consider7ed as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Prepared by Chintan Karnani Website www.insigniaconsultants.in.

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

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PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

ALL PRICES/QUOTES IN THIS REPORT ARE IN US DOLLAR UNLESS OTHERWISE SPECIFED.

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