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Video: Platinum Price Forecast for March 2021 – Will the Rally Continue?

Summary:
In the present video, David Jones from Capital.com provides his forecast for platinum in March 2021. He starts the video by discussing the recent strong rally of the metal, which brought prices to the six-year high this month, the fundamentals that were driving it, and what factors will be affecting platinum in the near future. Next, David lists the major support and resistance levels. He then turns to technical analysis — charts and indicators — trying to predict where prices may go next. In the end, David decides to risk and buy platinum now instead of waiting for a pullback that may never happen. He places his stop-loss approximately 0 below the current price level to give the market breathing room amid increased volatility. If you found this video useful and want to see more videos

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In the present video, David Jones from Capital.com provides his forecast for platinum in March 2021. He starts the video by discussing the recent strong rally of the metal, which brought prices to the six-year high this month, the fundamentals that were driving it, and what factors will be affecting platinum in the near future. Next, David lists the major support and resistance levels. He then turns to technical analysis — charts and indicators — trying to predict where prices may go next. In the end, David decides to risk and buy platinum now instead of waiting for a pullback that may never happen. He places his stop-loss approximately $100 below the current price level to give the market breathing room amid increased volatility.

If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below.


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Published under: Forecasts, Platinum, Trading Videos

Vladimir Vyun
Vladimir is an online journalist with background in computer science and work experience in pension funds. He contributes news reports, fundamental analysis and sentiment forecasts to TopForexNews.com and CommodityBlog.com. His main specialization is the currencies of emerging economies and inter-market correlations with commodity and bond trading.

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