Platinum Futures Break Major Long-Term Down trends

Today, we're analysing Platinum Futures – and the market is showing some major technical shifts. On the weekly chart, we’ve seen a sharp rise, pushing prices to new 3-year highs.
Switching to the monthly chart, the picture gets even more compelling:
🔹 We've broken above two significant long-term downtrends — one dating back to 2008, and another from 2011.
🔹 The price has now hit the 200-month moving average at 1155. A close above this level could confirm a powerful breakout.
🔹 The measured upside target? A potential move to 1826, based on the 2020–2021 range.
In the short-to-medium term, keep an eye on these levels:
✅ Resistance at 1100 and 1348 (Feb 2021 high)
🛡️ Support ideally holds above 1081–1045 to maintain bullish momentum
📊 This is shaping up to be an exciting market with long-term potential.

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