Platinum to lurch larger in the direction of $1,340 on a break previous $1,107 – Credit score Suisse

A break above $1,107 would see platinum establishing an vital base. The dear metallic would then mark a change of development larger in the direction of the $1,340 excessive, strategists at Credit score Suisse report.

Upside bias whereas above $1,107 

“Platinum has moved strongly larger to show the highlight on the $1,107 excessive of November final 12 months. A weekly shut above right here would see an vital base established and alter of development larger. We might then see resistance at $1,148 initially, forward of $1,171 and ultimately again on the $1,340 excessive.”

“Help at $1,007 wants to carry to see the instant upside bias maintained.”