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Platinum Futures - (JPLc1)

TOCOM
Symbol
Exchange
Currency
PLDerivedUSD
PTRTSc1MoscowUSD
JPLc1TOCOMJPY
PLc1CMEUSD
PLc2CMEUSD
PLc3CMEUSD
PLc4CMEUSD
PLc5CMEUSD
PLc6CMEUSD
Currency in JPY
Disclaimer
5,047.00
+42.00(+0.84%)
Closed

Platinum Futures Discussions

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 :)
this morning in europe jobs numbers leaked..metals reacted
Staying long and praying.
Gold drops 20 bucks on news that China's PBOC halted gold buying last month after prices hit record levels, and after having been a non-stop buyer for 18 months - I guess that is the reason why all metals dropped so hard the last couple of hours.
990 is the support?
There's no support
Data (NFP) fear today has surrounded all commos especially metals..PL is bottleneck as usual
I am sure that’s a good low for this correction. Be careful for a retest before higher. Still expectation Off another daily high above 1105
monthly candle succesful retested outbreak level...shot up to upside starting....fundamentals are in favor...and supporting price movement....platinum star of 2024 and year 2025
proper retest from above 945, might be still pending, i dont mind tbh xD
that would be a gift :)
Buy the chart...not the narrative....chart telling me complete diamond reverse formation....1800USD set within 2-3 years from now
With a cycle of lower rates, the demand for loans will grow, including for the purchase of cars, which are mainly bought on credit in almost every country. This circumstance will increase the demand of autocatalysts. Platinum will have to rise in price.
We are still at the beginning of uptrend..but it will not be V rather U
Is anyone considering below scenario ? „Buying news, selling facts” ? Everyone thinks gold,silver and platinum gonna explode due to fact USA start cutting rates in September what’s happend if they gonna start doing it retails customers buy on high top and wallstreet start selling of won’t surprise me seeing gold around below 2000 maybe 1800 maybe lower, check gold charts from 2011 massive spike up and sell off
You are absolutely right that smart money mainly buys based on expectations and sells based on facts that meet expectations. But will gold fall to 1,800? I doubt it very much. This price level will be close to the global average cost of gold mining. What would be the point of such a price with the declining value of money? Of course, gold will be sold, but not at such prices.
Ignore narrative and trade price.
It wouldn't hurt to touch on a few lower levels thou, as a refreshment i mean xD
what about shorting zar from 19.1x, it will probably get there
still think is bearish. I’m gonna add short positions today after ecb rates decision or tomorrow after non farm payroll tp around 925 depends how will break bearish flag. And then start stacking long positions.
Yes, sounds logical, although, I still don't think the price would touch the lower fib. 78.6 ...
June has not started well for PL..there’s quite big underperformance among metals
So do not be suprised when it outperforms one day:)..generally big laggard
The last firework will be the loudest
Do not be bear trapped:)
ive done a few hundred trades on PL, HG, SI, and GC this year
usually holding a core and flipping some around that since we are in a bull market id rather have exposure to the long side.
Core long position should be held..and with some another portion should be traded I guess..but in leveraged market u should be fast and direct..pull backs could be even more than 10% in bull market..future markets have no mercy
1st option/4h must test 1015-1020 2d option: go down to 960 and after that test 1020.....
i would love to see platinum going up tomorrow and friday to 1020/1030 will make perfect bearish flag and give more space on rsi and stoch.
I was told there would be deficits
Cmon deficits means nothing. Silver is in 5th year in row of deficits and is growing deficits….. in march was trading at 22 dollars. Looking at deficit should be over 1000 ?
lol take it easy
Profit taking seems to be over..again up
...
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