Platinum seeking parety?
The latest rally in Platinum is not like other recent market swings. The Platinum Jag looks more like the Palladium Price action. Palladium has been rising longer, but bow the character of the Platinum at its price point looks like the Palladium at its price point. that's from my own observations.
Platinum is poised to reach 900. At current price level Platinum has been knocked down before. This time I perceive, through parabolas , that Platinum will soar through the long standing ‘Solid Yellow “ resistance around 833 and reach 900, late March, as it seeks parity with Gold and Palladium . ( 890 by March 4 ) That is where the parabolas point.
Palladium may force the rest of the metals market makers to get real. Possibly, or according to FT metals buzz
Note
The Jag is about to blow past the local trend line. Solid Blue. The Jag is on a 'Purple parabola, Climbing. It may, probably will, reach the top of the wider Yellow channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.