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Platinum Live Chart | EPIC: PLATINUM
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About
A dense, malleable, ductile, precious, gray-white transition metal, platinum is resistant to corrosion and occurs in some nickel and copper ores along with some native deposits. Platinum is used in jewelry, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry equipment, and catalytic converters. Platinum bullion has the ISO currency code of XPT.
Summary
Platinum prices retain strong links with consumer confidence and the purchase of cars and jewellery items. In these times of slowing global economic growth the price of plattinum has remained bearish due to this negative sentiment. Platinum has recently reached a 22 month low. So far the price has not rebounded strongly.
Disclaimer
The Marketwatch data does not constitute a forecast of the market value of these instruments at any future point either, and is not an investment advise or recomendation in any form.
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Latest Related News
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Crude oil fell from an eight week high after a government report showed that U.S. inventories climbed for a sixth week, the longest stretch since May.Stockpiles rose 1.43 million barrels to 343 million in the week ended March 5, according to the Energy Department report. Imports tumbled 8.1 percent to an average 8.49 million barrels a day, the biggest one week drop since October....
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Intraday bias in Crude oil remains neutral for the moment as consolidation from 82.41 continues. Another rise is still mildly in favor with 79.75 minor support intact and above 82.41 will target a retest on 83.95 high. However, considering bearish divergence condition in 4 hours MACD, break of 79.75 support will indicate that a short term top is formed and will bring deeper fall to 38.2%...
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Crude oil closed lower due to profit taking on Tuesday but remains above the 75% retracement level of the January-February decline crossing at 81.63. The high range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near term. If May...
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An update on the energy company's growth strategy, with John Watson, Chevron chairman/CEO.
Just click here for your FREE trend analysis for Chevron
Sharehttp://crudeoiltrader.blogspot.com/2010/03/inside-chevrons-strategy.html
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Oil prices are under a bit of pressure to start the day as attention turns again to the forex markets. Comments from China about their currency and their foreign exchange reserves are capturing the attention of traders across the commodity spectrum. Is it possible that the Chinese are on the verge of letting the Yuan appreciate for the first time since July of 2008?Market Watch News...
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Crude oil declined for the first time in three days as the dollar gained against the euro, reducing the appeal of commodities as an alternative investment. Oil slipped as much as 2.1 percent after the euro weakened amid concern that the Greek financial crisis will trigger a default on debts by other European countries. Prices also dropped on forecasts that a government report tomorrow...
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The move down in gold yesterday surprised many traders and flashed an exit signal based on MarketClub's daily "Trade Triangle" technology. As we have mentioned before, we felt that gold was in a broad trading range and were not optimistic that it would shoot higher.The action yesterday confirms that we have more of a two way market. We expect we'll see further selling on any rallies...
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Crude oil's retreat from 82.41 extends further today. considering bearish divergence condition in 4 hours MACD, break of 79.75 support will indicate that a short term top is formed and will bring deeper fall to 38.2% retracement of 69.50 to 82.41 at 77.48 next. Nevertheless, before that, another rise could still be seen and above 82.41 will target a retest on 83.95 high.In the bigger picture...
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