Platinum is responding to technicals and fundamentals. The recent pullback is holding constructively out above several converging support indicators. Fundamentally, Plantinum is finding a bid after Industrial Production topped expectations +0.6% MoM v +0.3% exp. The strongest component was Motor Vehicles and Parts +6.6% MoM. Relief from semiconductor supply chain stress is a major driver here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.