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Platinum, Copper, CAC 40 & USD/JPY Analysis – Squeeze Before Explosive Moves?

Platinum, Copper, CAC 40 & USD/JPY Analysis – Squeeze Before Explosive Moves?

By: 
Christopher Lewis

Markets continue to move on Middle East headlines and interest rate movements around the world.

Platinum Technical Analysis

Daily platinum chart showing price at $1,778, trading between the 50-day EMA below and the 200-day EMA above near the $1,600 support level.
Platinum trades at $1,778 between both EMAs, above the $1,600 support. Source: TradingView

Platinum finds itself stuck between the 200- and 50-day EMA indicators, and if we can break above the 200-day EMA indicator and the $1,793 region, I am looking to get long Platinum at that point in time, thinking maybe it will follow the other metals markets that we have seen so much bullish pressure in via Gold, Silver, etc.