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Platinum RTS Futures - (PTRTSc1)

Moscow
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
966.30
-8.40(-0.86%)
Closed

Platinum Futures Discussions

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
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
back long for trade at 939.3
we're dead smack in the middle of the buy Zone. much better RR than gold or silver at this level
very poor performance
With markets positioning for higher for longer US interest rates, the case for holding platinum is very weak.  I am waiting for sub ZAR17,000 to get back in or some other catalyst.
looks very bad
are they just keeping it floating
+970 today
They don't put embargo on Russian platinum-palladium. Only nickel-aluminium-copper..
To block rally..they do not undertake for the advantage of Russia
looks very weak
Tempting investors for the last 1/2 century!!
So what’s up gold/platinum lovers?..heading up to 2.55, new ATH everyday:))
It turns back up from critical support..probably tomorrow 970-980 will be tested again
Buy
Always the worst of the metals
...
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