Talk­ing Technicals

Financial Mail - Investors Monthly - - Analysis: Technical - GARTH MACKEN­ZIE www.trader­scorner.co.za

The $880 now presents solid sup­port into any weak­ness, and it is likely that platinum will see buy­ing in­ter­est into weak­ness to­wards $880 in the near term. The break above $880 opens an up­side tar­get pro­jec­tion to $980 over the medium term.

The tech­ni­cal di­ver­gence between platinum and pal­la­dium sug­gests that sub­sti­tu­tion is oc­cur­ring. Per­haps the time has come when platinum finds favour over pal­la­dium again, as hap­pened be­fore 2008?

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