astroobserver

PLATINUM, BREAK OUT

Long
astroobserver Updated   
TVC:PLATINUM   CFDs on Platinum (US$ / OZ)
More tan behaving. . . its showing some strength.

Beginning 15 Feb '19 Platinum has been a climber! The Platinum Jag has burst (19 Feb '19, 08:30 and 22 Feb 19, 13:00. ) trough two well tested ( 01-11 Jan '19) resistance levels. Solid Red and Solid Yellow. These parabola along term trends as well .

Feb 20 18:00 through Feb 21 08:30 The jag reflects mechanical behavior consistent with crass attempt to push the price down. The Fix did not hold.

22 Feb The Jag saw and bounced off of a wider trend line. Dashed Black. I do not hear of any change in supply of platinum.

Platinum is seeking parity with its cousins Gold and Palladium . Palladium, apparently in a short squeeze ( physical/ paper ) is presenting a "If there;why not here" ; "when in doubt": buy the real stuff, Emotional context.

( will poor little Silver escape its pulp bonds ?) ( That it does not present any such profile in its parabolic approach chart,suggest an "all to comfortable" disconnection from the real world.)

Gold is entering a secular Bull market and appears to be drafting other Precious metals with it .
Comment:
And Braking through Green channel . . .
Comment:
That precipitates another convex parabola./

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