dryanhawley

PL poised to continue up

Long
dryanhawley Updated   
NYMEX:PLZ2023   PLATINUM FUTURES (DEC 2023)
When I first posted about PL it was at 806, since then each time I posted about it it went up another 30 points.
Prior to me pointing out what a bargain it was it had fallen 150 points
from $946. One time it went up 50 point in one day, or $2500 in one day per contract.

Now it has developed a life of it's own, steadily climbing towards higher levels. I expect this to continue, the corrections have been minor since $844. My profit target for it is $935.
Comment:
I will keep you all posted on our progress.
Comment:
www.tradingview.com/chart/4KiQM5Es/

The trend indictors I use all indicate further up movement.
Comment:
PL is very thinly traded, anyone could have gone in and brought the price down, and someone did, they sold for less that they could have to bring PL down a few points, this could lead to the next move down, stay tuned.

PS a move down could be even more lucrative than a higher high.

I may reverse my position.
Comment:
I think it is rolling over now, not gonna trade it till it's clear.

Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ
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