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Data as of: 2026-10-08 · Settlement: Exchange final daily settlement

Platinum (PL=F) Deep Dive | Bearish Bias | 2026-10-09

We maintain a bearish stance on Platinum (PL=F) with an invalidation level at 1667. The metal has suffered a sharp 9.89% decline over the past 20 days, trading below key moving averages and technical pivots, driven by weakening industrial demand expectations and a lack of supportive macro catalysts. While intraday Asian trade shows a tentative bounce, the underlying technical structure remains fragile, with the 1625 support level under immediate threat. A sustained break below this level would likely accelerate selling pressure toward the 1608 region. Until a decisive weekly close above 1667 occurs, the path of least resistance remains to the downside, reflecting a broader correction in precious metals and industrial inputs.