James Moore Continue Quotations

Short-term direction is still heavily dependent on the currencies, however, with the market set to trade sideways around $405-30 for a while as traders continue to weigh up the latest economic news from the U.S., Europe and Japan,

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.

Palladium should continue to work between $240/oz and $265/oz.

Currency watching has been seen overnight and will continue across the rest of the week as the metal goes through a consolidation phase,

For now support should continue to be found at $513//oz and $505/oz while resistance above is expected between $520/oz and $525/oz.