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Platinum Futures - Jul 24 (PLN4)

Real-time capital.com
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
912.05
-0.55(-0.06%)
Real-time Data

Platinum Futures Discussions

Easy pickings. Buy one here, twice that amount at 880 then 3 times that at 840 if that ever hits and then you'll be riding 865 average with 6 lots up to 1080 with 25% profit in 4 months. If you can handle that for margin it's a no lose scenario
Probably margin call before 840:)..u mean 8% more down
At 910 you can buy physical below mining cost, luck doesn't knock twice
True believer do apostolate..
Below $900 by friday
Why is that important? Gold at ATH...Silver miles from ATH...Plat miles from ATH. Chinese to cool on gold unless price invites. Silver and Plat are inviting. Chinese are an ancient culture with the long view. The long view knows - Return to the Mean. Better owning Plat than Gold? Absolutely. Which can go to half....Plat cannot. Gold could for some producers.
Platinum is no more stocking metal as gold to hedge against inflation..It is more like industrial metal used mainly in automative sector..that‘s why gold/pl ratio has blown up recent years especially EV dominance..look at copper which is constantly in uptrend
Ross Norman states.... Chinese retail purchases underpinning this market could count as some of the highest quality in that neither is likely to return to the market irrespective of the price action.
Michael So. the shorters are the ones who see the real data of production. The longs guess. Producers and the producers clients...certain swap agents. They always have better info. It is structurally set up this way. Always has been, always will be.
Here's the rise now for the 'closing' price. 915 major support as it has been. When we see 880 it goes below a threshold and then goes up even more so to compensate from there.
+1.5% in 5 years. Totally undervalued
What about NG in 5 years?:)
Or Palladium?
wish it was more like Cocoa ;)
I wonder who the shorters after every rebound are - always selling into strength
They are still scalping..do not foresee relief rally
Bottoms are coming higher for sure but uptrend momentum is still low..we need trigger from supply/demand side..Je Mac Tavish, please write a short brief to shorters..it will be convincing for sure:))..at least they will commit suicide while reading:)))
recovering without a new low --> tendence to a bottom at 910-15
one may call a double bottom at 911-12 too but I would be careful with that call
For those that don't think USDZAR impacts the price of platinum, ZAR weakened to 19.26 at 15:06 and then strengthened, platinum dropped to ~$912 one minute later and then strengthened.  Of course USDZAR is not the only platinum price driver but it does help you to time your entry and exit points.
Correlations vs causations
Election coming in SA
SGE plat offer 938 usd currently. Up trending. Spec demand side. China is expert arbitrage trading team. 24 dollar premium. SGE is saying this dip is too low....clamoring more for qty than price at the moment, lest they go to 18 to 20 premium.
And just like that, the second test failed. Today is a crap shoot. No trend set but could go further south.
target 917.2
finally broke below 915.3, back long end 5min bar at 913.7
Food for thought....there is a pattern of bad economic news being received as good news by the markets.  Bad news is perceived as impending interest rates cuts.  If we continue to get bad economic news and inflation remains sticky then hang on to your hats because it could get ugly.
100%
LittleSilver....durable goods figs are only going to influence long retail. Now, if youre a short swap, you look anyway as that market is your opponent on the tally.
Someone noted recently an opinion that demand is low for plat. There is industrial demand, there is spec demand, there is monetary demand, and more. Yes, it is agreed that demand in area of deploying metal for industry is likely constrained....but the metal is moving. Demand is satisfied always by price. We do not see the likely 5 percent that is shifting to China continuously. This may happen by swaps more than producer. And swaps can take from managed money on long side that is merely balancing their trades, thus - China eventually, with patience, buys even cheaper than by direct producer.
my bookmark for this page is Plat Poker. No one shares direct info.... I just did.
COT for Plat on Apr 9 indicated the producers increased short side by 14% and the swap dealers increased 18%....boom. On the 12th it topped.
I notice these pages do not discuss the Plat COTs. The shorts vary by week. The shorts are those selling both paper and real plat. The producers and the swaps are the most noteworthy. Retail Spread specs lose on avg 85% of the time. Yet, here they keep coming. Shorts know the qty, Longs guess the qty. Realize that there are some lags in this. Producers have to book some sales regardless of where the market is headed. If you're looking at PMI etc of the FED....this is a really big lag time and is going to only affect the long side retail thinking.
durable goods numbers in 35min
yes I update every day. It is basically how the option on futures are set at the moment of calculation
my last calculation was 950 for July contract of which the options expire at 6/18/2024
Ok tnx
volume is on the ASK side. I expect higher but I think they will push it below 915.3 end 5min bar before the push higher starts. At least I hope so. End of 5min bar below 915.3 and I will buy
950 today
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