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Platinum Futures - May 24 (PLc2)

CME
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
913.60
-0.20(-0.02%)
Delayed Data

Platinum Futures Discussions

Never become too excited with PL
It is going to be interesting over the next week.  USDZAR wedge pattern tightening and is now between 18.80 and 19.25.  Platinum down trend was broken yesterday (for now).
25.04 LPS, (5th test of the support line (extremely deep, the aim: to close open BUYING positions/78.6)
the minimum target of the weekly pattern - a new HH above 1140 !!!
What one should opt for? Platinum or Palladium? For swing bet
TMF and PPLT are the best buys at current levels. Best ROI and RR in the markets
if you're a futures trader, buy the 30-year Bond and PL
Bottom is in. excellent retracement and bounce! Strong Buy
3 of 3
Spot the fallacy... As a much rarer precious metal than gold, rhodium has recently traded at more than three times the Gold price. Rhodium's scarcity means that its distribution equals about 1% of gold's availability. There are many more gold mines than rhodium mines, which accounts for the vast price difference between the two. The fallacy is, there is no globex, comex or nymex for Rhodium. Plat does, and hence, why they cannot use this argument, even though all the same attributes are there. Doublespeak....
Omg it’s green impossible :)
I did tell U yesterday, that Forrest was about to run. ;-)
950‘s loadin‘…
US 10 yr highest rate today since Nov 2. Thus....bad GDP and Inflation data went to the inflation data, and not the GDP concern. The FED has the most influence on the short end...virtually no influence on the higher end. One month thru six month are where they work. The market is voting to protect the currency, not jobs.
Shanghai is currently 935 usd. West futures moving too quickly up for their 20 dollar premium to catch up.....
Rate Cuts by the FED? If they cut....then they go from being the major T Bill buyer....to becoming the exclusive T Bill buyer. The rest of the world sees the Dollar....and the only quality it possesses is a respectable rate. I give odds to a rate cut. In a world where near 100B just got voted to three nations for weapons....The cat is out of the bag. Cred of any public figure is done. I do however trust the COT reports for Plat. Go figure.
spot is $925 already. Buy
We still have inflation data tomorrow and the FED meeting next week.  I am itching to get back in but would be too nervous holding.  I doubt the FED will make the same mistake as they did in March (sounding dovish).
closure above 920 would be the first step
Under 900 is not possible ..strong support around 905..above 920 closure will bring us 950 very soon
there is nothing strong in PL :)o
When u give up, u lose:)
Creed
905 was strong
Good (and surprising) to see that support line being respected at $905.
looking to buy again below 910.5 end 5min bar
sold 914, will wait for pullback
will sell over 913.4 end 5min bar and wait for pullback to get back long
Run, Forrest RUN!
they shot Forrest in the foot ;)
 works ok fore me, even if it is only one-foot ;-)
:)
i am back long 910.4
922 target
Expecting a fall here based on US data just released.  I think we will see sub $900 today or before 14:30 CET tomorrrow.
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