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Platinum Futures - Oct 24 (PLc4)

CME
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
1,056.70
+6.20(+0.59%)
Closed

Platinum Futures Discussions

People do not care when it does not go up with other metals for years..but they are surprised when it outperforms one day:) interesting investor behavior:)
what the Cot say
Investors are anarchist sheep ;)
PA is down by 4.53% Gold is down by 20usd but why this is going up?
Platinum very often got a few days delays compare to palladium. or have odd days in +,
market actors continue to buy it because it is still a relatively cheaper metal than all the others
I agree
brutal underperformance in Palladium
Damm i got stopped at 1026.5 and it flew back up :(
pumping toward triangle breakout, gonna be huuuuge <3
Super wild day lol
Stuck between 0.236 and 0.382. Next week back and fourth between 1028-1058 If we go bullish Retest 1100 if successful 1120 follow by 1140 if we go bearish 980 follow by 965 where fib ret is and also 100 day ema
Pressing all the buttons:))
Nice
1025-1030 support is still very strong👍
It’s not spot being right or wrong, it’s spot acting on probabilities and not emotions.
If we are in an ABC correction the 100% extension for the c leg would be 994. Also the 50% retrace of this daily cycle is 994. Alternatively we jist bottomed today in wave 2 and have another large leg higher starting like tomorrow
Going super long stop below 1028 and will try again 994.
making money today
very well said, lets pump it xD
The only reason why Pl should test the 900 level again is after a 25% equity correction which of course is possible. If not, Pl should peu-à-peu move higher.
Seasonality does not work here, if so „sell in may, go away“ would work for equities:)..so primitive argument..still 1025-1100 valid
The thing is patterns not repeat but rhymes. So there is always similarity but moved in time or moved in prices. On my f the best indicator for me as swing traders is ratio buy to sell. If 90% are buyers it’s simply means we gonna go opposite direction. if we resume bulish 1120 first target second 1140.
End of day Thurs - quiet....I would expect a slam on the last hours of Friday trades. Tomorrow will be interesting. And the trend is still testing and not succeeding. It is nearly a 40 month pattern. 40 is a unique harbinger.
JacobKor....no matter the scarcity of Plat, the producers are always going to be selling, hence - short. Plat is in deficit largely due to China hoarding 12M oz of this. If it goes to 900, and there is phys supply at the coin dealers, then great. Phyz buyers will delight. But the paper poker players in the futures may not be completely on board.....unless they will have closed their positions.
Deficit means nothing, silver over 10 years in deficit and just reach price from 10 years a go. With your thinking should be now around what ? 200 dollars ? Is not working like that.
Hi, it’s my first comment but I follow this group for a quite long time. I think we gonna have pull back to 900 zone or lower . Summer sell off typical for metals.reload go long.
Unfounded and quite categorical statement. At least it is not obvious that platinum can fall so much without a reason to the already passed price level.
900 based on what?
Patterns do not always repeat. Currently on the Plat/Pall ratio, there is a daily gravestone doji. In most cases, this results in a swoon that can last a week or so. I am not hoping for this, but to any chartist using the ratio, it is apparent.
Close above 1,030 implies intact positive trend. 1,100 resistance.
Still in gradual uptrend..Pull-back last stop is most likely 1025..Today‘s GDP and CPI Pce data will be indicative..1025-1100 is still valid
after the test of 1065-1070 area , a weak sell impulse on 4h/ correction May continue to 1000 area ...!
Looks quite soft at the moment on 4hr and lower. Larger time frames still looking excellent.
All is possible of course, just 1000 is double point (lower support line/4h and 50 fib) ... the pattern is forming !
If Switzerland had a monopoly of platinum, how much would it sell it? Politics sold in South Africa
loading the juice!!! Inv hns on h4
currently we are witnessing inv hns pattern on h4, loading the juice xD
on 4h frane targets Up are: 1140 and 1190: on week frame 1st target area 1350-1400 !!!
Lots of trickery in the intra day chart. Enjoy the bull
...
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