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Platinum Futures - Jan 25 (PLc5)

CME
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
978.30
-17.80(-1.79%)
Delayed Data

Platinum Futures Discussions

Massive support at 890 and 915 in the past. I think those numbers have been hit too often so can only hope prices get there but they'll do a rate cut or something to that effect before that happens and sky rocket metals and all inflation back up.
breakpoint was tested again, starting a new cycle, u know very well what to do xD
Are we going to 900 level?
if there will not be any proper sign of bullishness within next 6-8h then it might look for liquidity lower, i dont think so tbh
it seems that the 950 resistance holds, needs some time to turn
buying impulse on daily frame from today ..... !!!
How you are screening the buying impulse on the daily frame?
to get a buy impulse it needs to go and stay over 983
that’s very bearish impulse not buying one.
Platinum is again offered cheap relative to the other metals
Just reached yesterday’s high, not even 8 day moving average, no fib, if not close above yesterday’s high still bearish. Everything in place next station 945 :)
why you look at something else ?? Platinum is industrial metals gold is not, silver manipulated like always. Over performing gold which is sign of big correction coming. I may be wrong most people here wish 1000 and over so be better if I’m wrong :)
I believe you, you are the only realist here.
Realist expecting 900, irrealist expecting 1000:))..what a pity kitty metal is that:))
Yess👍..bounce back with CPI from a critical support
needs to break 983 and stay above to get some legs
Gains now should stick
Will the Chinese demand for investment also concern platinum?
Is irrelevant narrative. Any article you read about china buying or whatever is short term noise and should be ignored.
Faked CPI number will show low inflation and therefore more need to 'drop rates' which in turn will tank the dollar and thus make everything more expensive. The cycle will continue. Inflation is not 'beat'....
955 holds..Bounce back will start with CPI tomorrow
900 can be only bad dream not a reality
I'd say it's a pipe dream or wishful thinking. I want to see it happen but it won't happen. Might get some whippy flashes but nothing sustained over a day below 945. Ramping up my purchases here so feel this is as good as I can get.
so today next target been hit. 200 days ema and historical resistance at 956. Next target located at 0.786 fib from recent swing at 949 follow by long term fib from Octobers low 0.618 fib at 945. once we go below 945 there is no supports. Clear way to 900 area
And what makes you so sure, that PA will break through and non of this support levels will hold? - All the levels mentions might as well be obvious rebound levels as well as supportive for bears if broken. - You seems very one sighted, what often happens when someone have been right for some time. Lets see what is going to happen.
platinum is industrial metal that’s one thing. 2nd platinum bulish and platinun bearish are 2 different animals supports/ resistance in bullish are completely different when bearish wich is kind of unusual compare to different markets.3rd hedge funds go to late and now been flush out.
https://platinuminvestment.com/supply-and-demand/platinum-quarterly
I buy
Still everyone bullish ? My shorts looking good all they way from 1060 and 1080. Start loading near 905. And btw on the next swing up I do not expect it will reach 1000. If we be lucky 966.
Why 966 if we are lucky? I just honestly want to know why that is your opinion
Platinum swings wildly. No reason to do a victory lap after a few days price action.
It might go al the way down to 950 - But I start buying now, so I will not miss the train, when it rebounds fast!
AdrianC - if you want´s to trade PL, you need more room than 5 points - or you will be sleeping badly or stopped out. - And if you want to close when it reach 961 again, now trading @956 I really wounder why you enter in the first place?
lol ;)
closed the long position at 962. and i'm glad i did. What question is this? why do you enter a trade?
nice divergences, my targets completed, just spotted that 20wma is 60usd lower than same week last year, loading blindly for now xD
Go to 900!
Go to 900
Buy or sell??
Fundamentally, there is a strong buy.
Good double bounce back from 967-968..+1000 is loading..when CPI does not come much higher, it will stabilize over 1030
Today traded exactly between 0.618 fib and 100 ema. It’s not bounce back it’s stuck. Next target 956 follow by 944 and welcome 900 zone
It depends on CPI figure wednesday but I do not expect below 955..900 would be undershooting, oversold level market is not considering I guess because undershooting has been already priced in..
It is a buy!
is anyone analysing palladium/platinum ratio?below 1.0 now Next target is 0.75 then 0.5 and final range between 0.2-0.3 that’s giving $200 for palladium and $1000 for platinum long term $400 pa/$2000 PL what’s your thoughts?
I personally expected the price of palladium fall below 500 !!!! It's only my opinion !
I think it is silly to analyze the platinum to palladium ratio. If it works for you then awesome. If you are doing ratios the only thing i think is appropriate is gold to each one individually. Not a big fan if ratios though
it’s not same like gold/silver ratio. But looking at palladium/silver ratio and palladiu/platinum ratio historically will give an idea where it’s heading. Gold these days in mostly investment while palladium/platinum and silver are industrial metals. If anyone thinks silver it’s investment metal will be punished.
Loading at around 970
It is highly dependent on economic data especially labor market..PL is not like NVDA tech star to resist..macro indicators are determinant
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