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Platinum Futures - Oct 24 (PLc5)

CME
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
933.60
+5.20(+0.56%)
Delayed Data

Platinum Futures Discussions

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
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.
900 then 1000 again?
let them push it below 910.5 end 5min and then buy
US economic numbers at 8:30. For now I am looking to buy below 910.5 end 5min bar
GDP- 3% expected
QoQ 2.5% exp.
little pump just before numbers, i am not buying it. Always buy pullbacks
Not even faking a rebound
Let’s have a rebound then:)
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
I don‘t expect under.900..max bear trap to show
And if they spike down they close your account
That is why you have plenty of margin as a cushion. Don't walk a tightrope.
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
...
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