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Platinum Futures - Apr 25 (PLc6)

CME
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
981.20
+26.40(+2.76%)
Delayed Data

Platinum Futures Discussions

after 950, 1,000 is probably the next test
it just goes from band to band, nothing between, juicy simplicity xD
as a daily candle looks tired already. Change to weekly candle, and this looks like it could run.
Re-affirming my first target above $1700
Premium on Spot....4 percent gold. 17 percent silver. 10 percent plat. This is interesting....when silver goes to 60, watch the hoards sell their heritage forks and spoons. And the premiums will return to mean. Plat? No plat forks or spoons. Good luck getting your salvage plat out of the closet. Long side to crush in two years.....till then, surf the short side.
1030 this week
Do you think 1100 will come?
could happen. Rather see it bide its time....
Swap Dealers are going to sell some Plat short term for the ETF's to balance. What we know is, the ETF will have to get contracts daily lest they have their management fees extend beyond their proforma. COTs being posted later this week will be interesting.
Is this the right Shoulder on the daily chart
careful lads, the surfer bros are just getting started
dont forget the Plat Pall ration....we are at the top of the channel for this one...downward sloping, and this will be tested as well.
948 last price seen on SGE. That would be China. We are getting ahead here on the arbitrage from China....is the West beginning to defend the metals? Will not know until SGE opens again. The House cannot ignore SGE. They dont care about retail...but they will not ignore SGE.
Who has better odds than the nature of technicals? The house.
sometimes the simplest chart tool helps to see the template. Parallel channels are underrated. All trading is energy. Exhaustion, and excess of both side. A clear channel was entered on the 23rd.....Not likely to break out as the top of the channel is 966 range for current trajectory. This is merely what seems to run course...57 percent of the time. Those are the odds of technical continuations. Reversals and exhaustions are more difficult.
Short Now !!!
you can use your one minute or fifteen minute candles or your proprietary trade tools all you want. And this is fine, but - better look at the one day candles to see the historic reaches of these type moves. This feels like it will hit? maybe 965 and then come back to 940's. When? You are best to have some long trades, and play some shorter ones all at the same time. We are all guessing. Remember, we do not have the data. AGI? Yup, it matters. Retail is not going to visit these metals. You are surfing with the professionals.
can't get it up now you can't get it down
back to 934.2 Friday High of day support
testing 950 again
https://www.tradingview.com/chart/kI34nnw5/
back to 934.2
Big funds are entering PL long now, PL obviously is stronger than silver, gold and palladium.
Who picked up more Platinum on the last dip? Congratulations!
Palladium has been a big wedge behind PL, always dragging down..PL can not no more correlate with gold/silver..because it has bottleneck palladium in the same basket..that‘s why is always laggard..from diesel to EV turning interms of environmental concerns has also hit PL..look that these more instead of gold/PL ratio every week making ATH..
I suggest for minor price fluctuation MM sells to swap dealers instead. As more temp holding. This allows a certain lease back that is faster to recap should the fund need to maintain.
The thesis below....is not holding. Gold seems most stable. Plat more volatile. Silver the most volatile. The ratios of the open interest relative to annual production is the key. But.....AGI should impact this a lot. Gold is the highest AGI, next? Probably silver....not in ore, but in silverware. Should silver go to 60 dollars, there will be a lot of forks and spoons coming in from young folks who inherited the flatware and do not really want to store or polish it......A lot of silver can be redeemed from certain households. Less quality gold can be redeemed, and virtually zero Platinum. Hence, theft of Cats.
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