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Technical Analysis XPTUSD : 2015-10-09

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Platinum rebounds reversing the trend Platinum price is rebounding after the scandal with Volkswagen emission test. The scandal contributed to the fall of the price below $900 an ounce for the first time in about seven years. Will the positive momentum help reverse the downward trend? The investigation into cheating of emission tests involving 11 million Volkswagen diesel cars hurt the demand for diesel cars with catalytic converters containing platinum, pushing the platinum price lower. The

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