Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

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
922.85
+2.35(+0.26%)
Real-time Data

Platinum Futures Discussions

Bonkers
880 should hold
back to 850 this week prob
weak as hell
100$ drop with zero reaction
It can never ever outperform, is always laggard and follows maximum loser palladium..risk averse mood weighs on..already more than 10% pulled back..should find a surface over 900
what a garbage
Platinum is great....to trade, not to hold.  10% moves in less than 2 weeks and in both directions.  You just need to know how to play the yo yo.  If you played it perfectly you could have made 20% in a month.  I think $905 might be my first re-entry point.  Watch the 19.25 USDZAR level today.
how is reflecting USDZAR move the platinum move? thx!
 Maybe you need to do some research here but in a nutshell, a weak ZAR is not good for platinum prices.
200d retested from above, lets go
Central banks small theater of commodities
i thing PLN4 will close at 940 today
took a long 931, index is already at the June target
max pain on options on futures is currently 950 for the 6/18/2024 expiration, see contentfortrading, right menu, platinum. Doesn't mean much. Gold silver getting whacked. Looking for a scalp long. But gold and silver might be a multi day move to downside
Trendline from 870 is intact and it seems to bounce here. If it goes below 933 it will be probably test 900 or lower. For now a bit of optimism although that's probably the worst strategy for platinum.
My same trend line (you are showing) has support at $930 today.  There is a chance for a bounce at $930.  Unless ZAR starts moving in the right direction I will wait before taking a position.  Looking for ZAR to touch 19.25, strong resistance line.
Yeah that was a bit roughly estimated. It still seems to be not violated so I opened a small position here.
I'm watching for it to look like a 'break' of the line to 915 over the next week or two but that's where there is massive buying and support. This will act as the slingshot to shoot it up to the 990+.
As of last COT, net long of MM around 10k has not changed..940s support should hold..Specifically PL can not outperform due to still , blurry demand..PD is bottleneck
Before the March FED meeting I said the FED should take a hawkish stance, instead they took a bearish stance.  The FED got a little too confident that inflation was moving in the right direction and would continue to move in the right direction.  That fueled the last rally in platinum and all other asset classes.  Now the FED is pivoting again towards a hawkish stance admitting the inflation fight is far from over, even just this week talking about rate hikes.  I think the FED should continue with the hawkish stance and go for the "smack down".  They tried to finesse it aiming for a soft-landing.  They should just go hard and kill inflation off ASAP.   If the FED continues on the hawkish stance we could see a major sell-off in assets and I doubt platinum will be immune to that.  Use the charts for very short term trades but don't be surprised if platinum is under $900 in the next couple of months.  I am sitting on the sidelines for now.
Think on this....Futures surfers...buy and sell once per week, or even once a day....lucky to clip 2%. Yet, Shanghai offers a clear risk free 2% to buy Western Plat....so, who is Impala or Implats selling to? LBMA or Shanghai? Or....agreements unknown. If we dont know if the Card Dealer is using ten decks or five decks....is this fair? I notice no one here discusses COTs of the situation.....Because? Surfing too fast for it to count, and the COTs do not explain the volatility.
What is your view on the Cot
Ale Piz... I dont trust the COT commercials. And they are the ones with the power, and the voice via WPIC. I just dont trust them. The PGM complex is making this more complicated as there are cross competing elements in the basket. Gold has no such element, silver does not either. We are not seeing a trend that is providing confidence yet.....
Albert...you are suggesting a regime for plat of higher lows? Without higher highs. Thus, a focus consolidation? Perhaps.
Ah what I mean is that I expect PL to now carve out a new trading range with ~940 as the floor, and eventually push thru 1000+ on a sustained basis. I'm thinking Phase D for the Wyckoff started with the April breakout of the 880-940 trading range.
Wyckoff accumulation on the daily chart - using the period from Jan 2024 to now. Looks like we are in Phase D. Price has come back to re-test the top of the bottom trading range on falling volume. May consolidate a bit more, but should be gearing up to launch higher.
Impala...and their equals....selling phys into the Comex futures? Or, Shanghai for 2 percent more premium. Shareholders of these miners are? Sleeping. Or, there would be a mining shareholder revolt. Evidence. These are all pressures to flip the futures market. Yes, when?
simple points re Plat. The longer gold goes up, the sooner folks begin acquiring Phyz. Shanghai consistently offering 20 usd above US spot price. Futures will be impacted as shortages increase. We dont know when, but futures is going to swing. For now, discouraging? Yes. Technicals? The volatility is kept high, and this is not normal for thinly traded market. That is a sign of the mechanism right there. The evidence is, this will return to a rational market. How does it make sense for NYMEX and COMEX to have impact when the nation where this market is, produces perhaps....3% of world totals.
the metal that never shine
trying for 947 this time, see contentfortrading right menu
took long at 940.4, looks risky, index opens in 5min, seems they are seliing
watching, in 5min short mode at the moment but volume on ask side coming in. Will take next long signal, see contentfortrading, menu on right Platinum
944 target
...
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.