Platinum is continuing its advance over the key 1045 level. Increasing inflation expectations and the possibility of a blue wave are adding bullish pressure. 1150-1200 zone will be an important resistance zone for medium-term moves.
In the shorter-term, an upward trend has formed since the middle of November. As long as this trend holds bullish pressures may continue. 1045-1050 support zone is still strong.
For downward moves, below the 1045-1050 support zone, the 1000 – 950 levels can be followed as support.
