The platinum price has managed to form a stable base at $900 over the last twelve months. Two previous attempts to break out upwards ultimately failed.
Currently, the platinum price has once again managed to jump above $1000 and is approaching the blue downward trendline, breaking which would be a positive signal.
The two average lines are rising again, and the sell signal from the turn of the year (100-day crossing below the 200-day) could soon be reversed.
MACD and DMI show a buy signal (the red line was crossed upwards by the blue or green line) – the DMI additionally shows increasing trend strength through the growth of the blue line. The trend confirmer has also managed to overcome the 100 mark again and is currently in positive territory.
Source: Comdirect