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Platinum Futures - Jan 25 (PLc5)

CME
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in USD
Disclaimer
983.60
-18.60(-1.86%)
Delayed Data

Platinum Futures Discussions

so today next target been hit. 200 days ema and historical resistance at 956. Next target located at 0.786 fib from recent swing at 949 follow by long term fib from Octobers low 0.618 fib at 945. once we go below 945 there is no supports. Clear way to 900 area
And what makes you so sure, that PA will break through and non of this support levels will hold? - All the levels mentions might as well be obvious rebound levels as well as supportive for bears if broken. - You seems very one sighted, what often happens when someone have been right for some time. Lets see what is going to happen.
platinum is industrial metal that’s one thing. 2nd platinum bulish and platinun bearish are 2 different animals supports/ resistance in bullish are completely different when bearish wich is kind of unusual compare to different markets.3rd hedge funds go to late and now been flush out.
https://platinuminvestment.com/supply-and-demand/platinum-quarterly
I buy
Still everyone bullish ? My shorts looking good all they way from 1060 and 1080. Start loading near 905. And btw on the next swing up I do not expect it will reach 1000. If we be lucky 966.
It might go al the way down to 950 - But I start buying now, so I will not miss the train, when it rebounds fast!
 PL is only weak do to deep pockets doing what they do., and strong $. - Fundamentals are strong and will beat manipulation sooner rather than later. - But feel free to try to spread some fear, but I am not taking the bite.
AdrianC - if you want´s to trade PL, you need more room than 5 points - or you will be sleeping badly or stopped out. - And if you want to close when it reach 961 again, now trading @956 I really wounder why you enter in the first place?
lol ;)
nice divergences, my targets completed, just spotted that 20wma is 60usd lower than same week last year, loading blindly for now xD
Go to 900!
Go to 900
Buy or sell??
Fundamentally, there is a strong buy.
Good double bounce back from 967-968..+1000 is loading..when CPI does not come much higher, it will stabilize over 1030
Today traded exactly between 0.618 fib and 100 ema. It’s not bounce back it’s stuck. Next target 956 follow by 944 and welcome 900 zone
It depends on CPI figure wednesday but I do not expect below 955..900 would be undershooting, oversold level market is not considering I guess because undershooting has been already priced in..
It is a buy!
is anyone analysing palladium/platinum ratio?below 1.0 now Next target is 0.75 then 0.5 and final range between 0.2-0.3 that’s giving $200 for palladium and $1000 for platinum long term $400 pa/$2000 PL what’s your thoughts?
I personally expected the price of palladium fall below 500 !!!! It's only my opinion !
I think it is silly to analyze the platinum to palladium ratio. If it works for you then awesome. If you are doing ratios the only thing i think is appropriate is gold to each one individually. Not a big fan if ratios though
it’s not same like gold/silver ratio. But looking at palladium/silver ratio and palladiu/platinum ratio historically will give an idea where it’s heading. Gold these days in mostly investment while palladium/platinum and silver are industrial metals. If anyone thinks silver it’s investment metal will be punished.
Loading at around 970
It is highly dependent on economic data especially labor market..PL is not like NVDA tech star to resist..macro indicators are determinant
960 (New Floor) must hold and is an excellent entry for those who missed the last run.
955 is last resort to continue with uptrend..today was a big accident as rate cut process was about to ramp up after several dovish data..that’s why reaction was very strong in all metals..955 should hold for a healthy bounce-back and stay higher..
Ema 100 give some support also match up with long term fib level from October, next support may be found at 945 where’s 200enw and another fib level. However in last 4 years when Platinium was in pullbacks/revers 945-950 never holds, always dropped well below. Where in uptrend was always resistance. So if we not gonna bounce off now and go uptrend we will see to 900 in a few days.
first signs of exhaustion of the correction, Now, Must look for a buying option ( we are near the strong one year support line (955) !!!
the position of the strong support line ( from 31.05.23 /966/ to 10.06.24 /955/
if you look at charts you are almost right with small details when Platinium is in uptrend 945/955/966 very very strong resistance but when is coming down in last 4 years they never holds and nothing can’t stop platinum to see 900
So far my prediction spot on all my short position in nice good profit and secured. Hopefully next week I’m gonna close them all and switch to longs.
I just closed longs and switched to short
so i will buy a little then
Almost at my target where I start my physical purchases. Looking for 915 again in a couple weeks where there has been massive support. And no, it's not going down 40 more dollars after the weekend.
Interestingly stocks do not comply with hawkish NFP data..rate cut has been delayed again probably December or September minimum..but risk on mode continues with US indexes..if it is true then good long opportunity for PL
Buck wild
Biggest daily drop of the year so far.
forming the handle
Waiting for 900 now :)
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