Seasonal Long in Platinum
Updated
Hey guys, there is an annual seasonal setup in Platinum which begins during the middle of December and extends until February/Early-March timeframe. The meat of the move seems to occur from end-December until mid/end-January though. While last years movement was fairly muted due to the weak capital markets, I am aiming for a 1150/OZ upside move this year. TP range is $1100-$1125 area. I scale into small longs vs. taking a single large position as the ranges in Platinum, can be quite large. You can also refer to this link for more info on the seasonal setup as well:
auctusmetals.com/immense-seasonal-buying-opportunity-for-precious-metals-in-december-2/
auctusmetals.com/immense-seasonal-buying-opportunity-for-precious-metals-in-december-2/
Trade closed manually
Closed Long. Trend Reversal.
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