Today we got a day with a nice trending run up, then the rest of the day it traded in a 10 to 15 point range
it i extremely hard to trade 10 point moves, we all wait for confirmation ( 3 points lost), then execute the trade (1 more point), then when it reverses and comes back 5 points, no profit.
I took the rest of the day off when I saw this. They call this a...
last time i mentioned pl it shot from 906 to 950, 44 points X $50 per point == $2200 per share. Could this be our personal gold mine.
PL like PA i very oversold IMO AND HAS DROPPED from ity's lasty rallty to S5 the extreme of The Pivots.
many of my 120= ideas recently have shown how it is possible to 'win' close to 100% of the time buying at the extreme lows...
Tired of all the crazy manipulation of ES and NQ? This metal is poised to skyrocket. It's currently at 911 and I could see it going to 921 tomorrow. With 1 contract you'd make $500. This NYMEX commidity has been going down for a long time, is totally oversold, and already past confirmation, going up.
I wanted to trade Palladian, but it is not for the faint...
The precious metals complex has been under pressure since the April highs for several reasons. For one, the dollar has been on the rise, and typically when the dollar is ripping higher the precious metals will take a hit to the downside. Also, treasury yields have also been ripping higher adding to the bear case for the metals. Looking at the chart on a weekly...
Hello There!
Welcome to my new analysis about PLATINUM FUTURES on the global timeframe perspective. The precious metals market is moving into a decisive momentum within the recent times as developments within the financial markets point to a continuation of exceptionally high interest rates within vast majorities of economies and a continuation of hawkish...
Weekly PL futures chart shows multiple support touches and also the RSI is quite oversold. Add to this a small green candle after many down weeks.
I like to bottom fish. Getting in this early is a gamble. If nothing else, it is a good time to look for further confirmation that the trend is turning up.
This is my first idea post. I would've wanted it in the futures...
There are a number of reasons why the price of platinum is expected to increase in the future. These include:
Reduced supply: The supply of platinum is expected to decline in the coming years due to a number of factors, including:
The depletion of existing mines
The high cost of exploration and development
The environmental regulations that make it more...
We expect Platinum to erode the downtrend that started in May 2023 at the level of 931 and move upwards. Our confidence in this projection stems from two factors. Firstly, the market is rebounding off a robust 3-year uptrend, indicating a strong underlying support. Secondly, there's a notable divergence in the daily RSI, which indicates a loss in downward momentum...
no reason to be long platinum when it is underperforming uranium like this
ZERO reason to be long PLATINUM.
URANIUM on the other hand...
#uranium #platinum
Platinum futures alongside other metals have clearly been bearish and the Platinum Metals Group consisting primarily of Palladium and Platinum have been selling off in recent sessions and Platinum recently dipped below 900 to 984.2 making back-to-back bottoms at 894.2 once off the extended session and once again off the following RTH session now exactly 5...
1000 is an important supply = demand zone for PL. Failure to break above yields a potential near term short sell set up to the recent bullish trendline.
The Platinum market has been under pressure and has seen some strong selling from the April highs at 1148.9. With the potential supply surge in the palladium market, there are stronger concerns that Platinum will be dragged down as well. On the technical side, we are seeing a nice inverse head and shoulders that would indicate prices shifting to the upside, and...
Platinum is on its way downwards to develop wave Y in light green and still has got room to expand. Indeed, there is a 30% chance that the price could even drop into the green zone between $758 and $659, establishing the low of wave Alt.Y in light green instead. Primarily, though, we expect platinum to turn upwards before reaching the green zone.
