James Moore Platinum Quotations

Platinum still looks a little shaky short-term and has the potential to dip to the 100-day moving average at $935/oz, while palladium could fall back to the $220/oz area.

Platinum should continue to find support ahead of $940/oz with the metals supply deficit and strong industrial demand continuing to provide strong support while palladium is currently finding support at $240/oz with strong chart support pegged at $220/oz.

Fund players have featured heavily on the bid across the day, taking platinum and silver as well most of the base complex to fresh highs today.