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Platinum Futures - Jul 24 (PLc2)

CME
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
1,012.90
+1.30(+0.13%)
Delayed Data

Platinum Futures Discussions

monthly candle succesful retested outbreak level...shot up to upside starting....fundamentals are in favor...and supporting price movement....platinum star of 2024 and year 2025
proper retest from above 945, might be still pending, i dont mind tbh xD
that would be a gift :)
Buy the chart...not the narrative....chart telling me complete diamond reverse formation....1800USD set within 2-3 years from now
With a cycle of lower rates, the demand for loans will grow, including for the purchase of cars, which are mainly bought on credit in almost every country. This circumstance will increase the demand of autocatalysts. Platinum will have to rise in price.
We are still at the beginning of uptrend..but it will not be V rather U
Is anyone considering below scenario ? „Buying news, selling facts” ? Everyone thinks gold,silver and platinum gonna explode due to fact USA start cutting rates in September what’s happend if they gonna start doing it retails customers buy on high top and wallstreet start selling of won’t surprise me seeing gold around below 2000 maybe 1800 maybe lower, check gold charts from 2011 massive spike up and sell off
You are absolutely right that smart money mainly buys based on expectations and sells based on facts that meet expectations. But will gold fall to 1,800? I doubt it very much. This price level will be close to the global average cost of gold mining. What would be the point of such a price with the declining value of money? Of course, gold will be sold, but not at such prices.
Ignore narrative and trade price.
It wouldn't hurt to touch on a few lower levels thou, as a refreshment i mean xD
what about shorting zar from 19.1x, it will probably get there
still think is bearish. I’m gonna add short positions today after ecb rates decision or tomorrow after non farm payroll tp around 925 depends how will break bearish flag. And then start stacking long positions.
Yes, sounds logical, although, I still don't think the price would touch the lower fib. 78.6 ...
June has not started well for PL..there’s quite big underperformance among metals
So do not be suprised when it outperforms one day:)..generally big laggard
The last firework will be the loudest
Do not be bear trapped:)
ive done a few hundred trades on PL, HG, SI, and GC this year
usually holding a core and flipping some around that since we are in a bull market id rather have exposure to the long side.
Core long position should be held..and with some another portion should be traded I guess..but in leveraged market u should be fast and direct..pull backs could be even more than 10% in bull market..future markets have no mercy
1st option/4h must test 1015-1020 2d option: go down to 960 and after that test 1020.....
i would love to see platinum going up tomorrow and friday to 1020/1030 will make perfect bearish flag and give more space on rsi and stoch.
I was told there would be deficits
Cmon deficits means nothing. Silver is in 5th year in row of deficits and is growing deficits….. in march was trading at 22 dollars. Looking at deficit should be over 1000 ?
lol take it easy
Profit taking seems to be over..again up
Stoped at 50 ema next station 965 where fib and 100 ema sits. 1025-1030 we got 8 and 20 ema, fib and previous highs. So we need to close well above 1030 to cancel bearish track good luck with that
1030 is first tgt this week..still in uptrend
when drop to 965 are you still be saying is uptrend ? Ps I’m adding short if hits near 1020-1030. But it’s big if
I think it will happen next week, this week will close over stopping the downtrend
I wouldn't call this amazing bet the farm prices but definitely great to see. But as I've seen a million times before when it goes down 25 bucks in a day it doesn't go down again like this the next day.
Chris hello. Glad to see you
Very unusual to get a 3rd large candle like that in a row.
Well said. Again, this is a leverage game. They are going to start dropping currencies and rates now so physical assets to rise and pump up inflation. It's a must for the system. The talk of 'crude builds' coming into summertime like prices are going to drop? Lies
Buy. Strong support here..But! ..we may be facing a Black Swan event here shortly ..possibly related to the banking system but could be anything and if that materializes Guys we could be shedding 300 points from here or more in a fairly short amount of time so be careful!
paladium is about 910
so far so good, now v rec pls
There is 994. Are you brave enough?
Who? Sharp madoff to go long ? Probably not.
Of course. 992 has been hit
I was thinking gap up most likely to buy that low
994
@pmngr still bullish?
994
after further review, seems like 984.5x is the lower band of downslopping channel in case we get there, it might act as strong support
way to steep, loading some
Ps. I’m gonna add short positions on Friday payroll. Don’t hate it market in next few days/weeks tells who was right who was wrong :)
go ahead, liquidity definitely needed, dont care who was right or wrong
I close some short positions on platinum to add longs on oil and start building position on palladium. Still holding short on Platinium. Hopefully will go down right to 900 :)))
900 seems really optimistic
may stop around 945 do swing to 1000 then back to 900. if be struggling to go down from 945 area and pallad be well below 900 I’m gonna close all my shorts and move to palladium long.
We all know it's going to 1000. This pig has been crawling for a year already.
Boy must you feel like a f00l
So did you short it? If not, I think we know who the fool is.
At least I'm not deluded like you
close above 23 saves the bull run
Weak labor market numbers will save the bull run.
so far it looks like retested breakdown from the triangle, next support 992
It might just pin it for V recovery
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