Platinum
Platinum / Palladium Price Ratio - Long PlatinumThese charts deserve a closer look. :)
Platinum / Palladium ratio just touched an all time low. You can see the explosive move up, following the last time the price ratio of these two metals touched this level.
Considering the platinum chart on its own... Price recently found support from a ten year old support level... $750. Since then price has mostly consolidated with a couple failed breakouts dropping price back to support. However, although it doesn't look like much on the long term weekly chart, platinum is up $65 from the February low and has broken above $830, previous resistance.
There's a couple interesting things looking at the Palladium chart also. Price is at a measured move above the midpoint from the lows, which also looks to be significant support / resistance. I'm not jumping all in calling a top in Palladium, but $1500 does sort of portray a psychological milestone in and of itself. And although the fundamental argument could be made that price still has a long way to run, I'm sure people were saying the same thing about Platinum in May 2008 before it dropped from $2200 down to $750 in the course of six months.
And often technicals are all that's needed to trigger a sharp reversal in price... Looking at the selloff in crude October 2018....
All things said Platinum looks like a good buy and hold Risk / Reward ratio, supported by the strength across the other precious metals. I'm going to wait and see how Palladium reacts to the $1500 level...
XPTUSD (Platinum): Short opportunity on the 1D Resistance.Platinum has entered the 831 - 840 1D Resistance Zone (RSI = 63.418, MACD = 4.360, Highs/Lows = 20.0393) and following the impressive rise since last week 1D stochastics have turned overbought (STOCHRSI = 99.355, Williams = -7.945). This is a good opportunity to sell. Risk seekers may target the 775 - 785 Support Zone but we will settle for the median. TP = 808.00.
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Platinium -On a very strong Support zonePlatinum is currently on Support zone and present a good buy opportunity with high potential . If you like this trade idea moon up the like button and we welcome your comments.
ALL THE BEST
XPTUSD: Approaching the Buy Zone.Platinum is close to completing the current bearish leg started this month with 4H touching oversold levels (RSI = 25.857, STOCH = 28.684, STOCHRSI = 26.493). On 1D terms (RSI = 37.592, MACD = -0.910, Highs/Lows = 15.9250, BBP = -19.6820) the price is approaching the 775.55 - 785.20 medium term Buy Zone, presenting an optimal long opportunity. The target can be any value within or close to the 823.75 - 832.50 Sell Zone.
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XPT USD BUY (PLATINUM – US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
What do you think about this Platinum chart?Trying to figure out the evolution of the trend, we approached a strong historical support + bull triangle pattern + MACD & Signal + low volumes on bearish movement.... All this let me suppose a possible uptrend, unluckily we don't have confirmation from RSI and Put/Call Ratio.
What do you think about it? :)
Waiting for longAccording to WPIC, the fundamentals of the platinum market are expected to improve in 2019: increased demand and reduced margin.
So it's likely that PT will break the triangle and go forward to 810 soon. Keep patience to wait for the opportunity.
Which Platinum Stocks to ChooseA comparison of the weekly charts of Anglo Platinum, Impala, Northam with their relative strength (RS) to the Top 40 is presented. A 40 Week or 200 Day MA has been put on both the price chart and RS. Anglo Platinum has the strongest momentum and is breaking a longer-term trading range (TR). Lonmin is still very week. Impala has had some recent strength in a wide trading range that potentially could be forming. Northam Platinum seems to be somewhere in the middle of a very long TR. Based on this Anglo Platinum is expected to show continued good strength and will be the stock to catch on the next leg up after a pullback.
Platinum: Symmetrical pattern recognition for a lower buy.Platinum is on its way to complete a Head and Shoulders pattern on positive gradient, a pattern that was previously identified from late September - November. The similarities are strong and leads us to expect that a similar candle sequence will be followed. This suggest that the price should rebound close to 786.85 and seek a upper neckline of the RS between the 0.500 and 0.618 Fibonacci levels at 811.60. We will use this as the TP.
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Oh looky looky, Platinum is Inverse to Palladium 2001 & 2008Oh looky, 2001 & 2008 had Palladium crash down with the stock market, Platinum went up inversely. I wouldn't short Palladium cuz it's still on a hell of run, but something to watch. Platinum is at major support right now and Palladium is at ATH's.........
LONG PLATINUM!
You bet your sweet tooshie I'm buying here. Pretty good r/r if you ask me, last time it hit this level it took off, my sweet long-term PPLT Stock hold.
PLAT BREAK OUT IS IMMINENT Plat will not be left out of silver and gold gains. Watch this break out. A breakout is IMMINENT. Do not miss this RALLY.
Platinum ready to break higher?Platinum hit a 15 year low in August 2018. Since then price has been consolidating. Platinum historically has been more expensive than gold. Price has possibly broken above the bearish trendline and looks ready to break out.
Seasonality supports the break higher. charts.equityclock.com
On the downside, there seems to be strong support around $780.
XPTUSD stands at 40% increase... Platinum builds a rising wave structure. You are currently in an accumulative phase. You can spike it down, but we don't assume a permanent downward decline. The exchange rate may move in a double rising wave structure, and this wave structure will double, and the exchange rate will accelerate. The goal of the exchange rate is 1100 usd. Forward rise predicted.
Is it time to buy 2xDaily Long PlatinumPlatinum has lost its shine for some time now. This LPLA ETF seems cheap to me.
PLATINUM FUTURES JANUARY 2019 (PLF2019) (PL)Platinum futures are moving in a clear downtrend as suggested by the weekly chart. On the 4-hour chart, prices seem to be moving in a downtrend and forming a falling wedge pattern. We can speculate a brief break to the upside, followed by a continued downward movement. However, my bias is short as most markets are hit hard by the power of the bear.
brace for impact, big derailmentI want to bring the light about a spectacular move that could unfold very soon, already started actually, involving a decoupling of gold and japanese yen.
you must look at the japanese index chart (a forgotten one, people focusing too much on the dollar index). the configuration is so clear, we have a triple bullish divergence with a beautiful first two lows having the MACD curve almost on the same line, followed by an intermediary correction, but the real and final low is attained weeks after, experiencing an ever more beautiful lobe higher on the MACD curve for a perfect mega bullish jump.
BUT !!!!!!!!!!!!!!!!! the point of this post is to remark that gold, silver, platinum display the same exact configuration but only at the phase of the first two lows wih a MACD curve having almost aligned two lows (the third and final low is missing for these 3 metals !!!)
WHAT DOES THAT MEAN : silver gold platinum will experience a subsantial temporary correction upside in parallel with the reignated JPY power from today but they will fall even more after WHILE from today onward JPY will rise non stop.
the day when silver gold platinum will go back downward will JPY continue rising should be the day of a massive orchestrated collpase in bonds and stocks everywhere on the planet.
it is more or less linked to an action of the gargantuan Japanese government pension fund (the biggest in the world) terrified of the possibility of losing their investment if they do not liquidated their position all over the world because they need to pay the pensions and if they wait too much while markets and stock are all time high they could lose money, i let you imagine how angry will be the japanese population if they learn that their pensions have been lost because of greediness pusrsuing blindly overvalued markets and not exiting when it was time.
so basically yen up up up up up always gold/silver/platinum up for some moment then down down down in parallel with a flash crash everywhere. when you will see the third lobe on gold/platinum/silver it will be the end of the crisis and they will skyrocket again so do not buy these metals as long as you do not see this configuraiton on the chart. meanwhile yen should be safe
