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Platinum

XPT/USD 7/8/2020Welcome to this analysis of XPT/USD. Platinum has been in an uptrend since the capitulation low on the 19th of March. Price rallied from 565$ to 860$ but on 21st of May but it faced some resistance there and went sideways for over a month. Looking at the consolidation it looks like the price has made a falling channel Bull flag that got activated yesterday by a break and close above 837$. The target of the Bull flag is around 975$ as long as it stays above 800$. There are a few levels of resistance between the current price and the target, which are the previous high at 861$, followed by an order block around 910$ which is an equilibrium of a range as well and the 954$ level. This trade idea has almost 4 rewards to risk ratio. Good luck trading.
OANDA:XPTUSDLong
by Trader_Shayan
4
Bullish Charts - Uranium PlayCameco Corporation produces and sells uranium. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium property is the Cigar Lake property located in Saskatchewan, Canada. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces fuel bundles and reactor components for CANDU reactors. The company sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada. Cameco Corporation is one of the world's largest uranium producers, a significant supplier of conversion services and one of two CANDU fuel manufacturers in Canada. Their competitive position is based on their controlling ownership of the world's largest high-grade reserves and low-cost operations. Over the last four quarters, the stock’s earnings surpassed the Zacks Consensus Estimate thrice . finance.yahoo.com On May 20, 2020, U.S. Department of Energy rushes to build advanced new nuclear reactors www.sciencemag.org On 06/26/20, Cameco issued a press release relating to its win in the appeals court for tax issues. With the court win, Cameco should be receiving over $300 Million back from the Canadian Government plus another $482 million back in letters of credit that Cameco was required to pay as installments. transferpricingnews.com The tax court win was a HUGE win for Cameco and will free up hundreds of millions of dollars. Daily Chart Looks Bullish Volume, Bullish PMO, Bullish MACD, Bullish Stochastic, Bullish OBV, Bullish On 06/30/2020, Raymond James issued an Outperform rating on Cameco. On 06/25/2020, BMO Capital Markets raised the price target to C$17.00. Long! DISCLAIMER The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NYSE:CCJLong
by HotCharts
There is possibility for the beginning of an up trend in XPTUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (797.31). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Platinum/ USDollar is in a range bound and the beginning of uptrend is expected. . The ascending flag taking shape suggests we will soon see another leg higher. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index ( RSI ) is 50. Take Profits: TP1= @ 837.90 TP2= @ 863.15 TP3= @ 894.75 TP4= @ 957.25 TP5= @ 1029.55 TP6= @ 1089.20 TP7= @ 1194.50 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX_IDC:XPTUSDLong
by ForecastCity
12
There is possibility for the beginning of an up trend in XPTUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (797.31). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Platinum/USDollar is in a range bound and the beginning of uptrend is expected. . The ascending flag taking shape suggests we will soon see another leg higher. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index ( RSI ) is 50. Take Profits: TP1= @ 837.90 TP2= @ 863.15 TP3= @ 894.75 TP4= @ 957.25 TP5= @ 1029.55 TP6= @ 1089.20 TP7= @ 1194.50 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX_IDC:XPTUSDLong
by ForecastCity
30
#Observation - Platinum longer term chart looking positiveAs per observations on the chart, the Spot price of Platinum does not look bad at all and seems to be setting up to break the bear market that we have witnessed over the last decade. Still lots of work to do, but early signs are there as per the chart. Above $1000 and we could then argue that the bull market in platinum has once again began.. The South African Platinum shares have traded extremely positive during this pandemic and could well be giving us an indication that the spot price eventually follows higher..
TVC:PLATINUM
by MarcoOlevano
1
SBSW & PLG breakout coming Two platinum/palladium miners that are set to catch up with the broader market rally. SBSW: Above its VWAP from recent peak, VWAP from February peak and VWAP from March low. Also consolidates above 50 EMA which found support at the 200 EMA and is now pushing price higher. I have removed the 5 and 20 EMA in order to see the VWAPs but please add them to your own chart and you will see they are in a very bullish position. PLG: Still has some work to do consolidating below the 200 EMA and VWAP from recent peak, while above the 50 EMA and VWAP from Feb peak/March low. I have picked the $1.70 level as the final resistance level. I am going to watch SBSW as it is technically closer to a breakout, and if the breakout occurs, PLG has a very high probability to move higher.
NYSE:SBSWLong
by ETrades1
DXY (COT Analysis)Okay, here is the DXY or the Dollar Index. Part 1... This post is going to be quite long as it is going to serve as the post that introduces something im gonna try and update weekly. the COT Report. Now, i had no idea what the COT report was until i watched and looked at a very popular, here on TrdingView, trader's charts and saw his very useful indicator! I did my own research and thanks to another popular trader, again here on tradingview, who helped tremendously with providing some very useful resources i was able to learn about the COT. Now Here is going to be a trial, mainly for my own reference, to track which pairs too look out for. So without further wait: the USD Bias- Undecided Commercials - current== (16 438) and the previous == (18 407) Non-Commercials- Current== 14 799 and the previous== 17 297 Open Interest - current == 28 298 and the previous == 31 477 What does this mean? This means the Dollar is stalling right now. The open interest went down which suggests that both sides closed out positions without opening up new ones. the non commerciasl are still selling and the non-commercials are still buying which is giving us the slight rise in PA. However on the COT Index the Gap is closing between the Commercials and Non-Commercials., nd both sides are nearing the Zero Line. the last time this happened the Dollar fell to 86-87. This might be just a profit taking session to give the DXY a slight rest as the 30 year bond rate on the COT index the Commercial failed to take out their previous buying high set in april, so we could see bond rates go lower while the interest gets a bit higher attracting more investors into the American economy! The Euro Bias- Moderate Buy! Commercials- Current== (-106 256) previous ==(-102 594) change == (-3 662) Non-Com- Current== 75 222 previous== 72 562 change ==2 660 Open interest- current== 556 749 previous== 547 206 change== 9 543 What this tells us is that the Commercials are still selling to the Non-Commercials and this is deduced from the increase of the Open Intrest. The euro makes up ike 56% of the DXY and this currency is a moderate buy! now what i want to see is another increase in long orders so the COT index exceedes the current Buy level. Its no Seceret that Germany is the Back Bone of the Euro providing 20% to the Union Budget followed by France and the UK at 15%. Now Germany's main Export are cars and other electronics and Platinum and Palladium are main metals for those as they provide for conduction in the electronic compntes and for emission parts on cars. Both metals took a hit in price and Commercial and Non-Commercials have relieved both sides during COVID-19 making both metals cheaper. now when the economy opens back up i would not be shocked if the main compaines that make these pieces of equipment and cars to buy a surplus to Hedge their physical position causing a slight dip initially in their profit share only to expand in the long run causing the Euro to grow stronger as Germany offers more to the Union Budget. To Be Continued...
TVC:DXYLong
by ARegularGuy
Silver Stand Out In The PM ClassGold creating moves to push higher holding a line of momentum to the upside. Could see a consolidation to the right to test the inner lower trend line rather than a test back into below consolidation XAU: Silver has given it a red hot nudge to the upside sitting within the 75% region of the upward channel. Note it has created a new outer trend line. For strength and maybe with the help from Gold we could see it fill the wick to the left, this comes with some resistance points to watch during the weeks trading XAG: Platinum on a path of its own trickling to the right. A dip below will see an APEX point. Platinum is battling a zone od previous price action to the left. A pop to create a new inner trend line is XPT’s mission XPT: Support & Resistance: Price Considerations:
OANDA:XAUUSD
by LandenInternational