Platinum
Long Platin above 834 $/bbl for a long term trade (buy and hold)SL @ 817
TP @ 1004
I will provide a comprehensive analysis for the trade decision in the evening, just wanted to make now sure, that my idea and the possibility to get into trade are intime.
Good luck!
Taking the trade from now on, as soon we go above 834, unless something changed or added to this idea.
Want to provide some updates once a week during the trade for adjustements in take profit numbers, which i missed to make last time during my oil trade, which missed the original take profit number by less than 1 $.
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Disclaimer: There is a very high degree of risk involved in trading forex and/or futures. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
The presented set-ups are not solicitations of any order to buy or sell.
PLG shares before the rise...PLG shares before the rise. We have little information about the South African Wateberg PGM project. However, we indirectly know that the external engineering office involved in the work is the project of the "largest" project of mine now planned. The company is looking for a HR project manager. Back to the technical picture. The exchange rate moves in two types of fractal wave structures. The size of the rising fractal structure is always double. Until the decreasing fractal structure is gradually smaller. Short-term speculative trading is decreasing, but longer-term shareholding is growing. Based on the technical wave theory, further major waveform structures are expected. With a dual wave structure for purposes of around 0.6455 usd.
XPT Long- Will look to allocate, if price can break and stay above Trendline
- Last time, price failed to break the Trendline
- Volume profile indicates some support at these levels and could see a retracement
- will look to DXY and CNY/CNH at open insight to confirm thesis.
Negatives:
- XPT has broken a major Trendline (white line) that goes back to 2008
- the metals complex has been slaughtered as of late, why couldn't that continue?
Platinum is moving to a key level where we can open LongPlatinum is moving to a key level where we can open Long
2 weeks ago the price made fake broke at key level $810 and D1 close upper it. That showed to us that big players have an interest in buying.
Currency rate is making pull beak down.
I recommend opening Long near: $810
S/L under low $796
T/ P1: $1010
S/L: $1147
It is deal for long-term traders. If everything will work on my scenario, it can take 1–2 months before the price will hit T/P.
Palladium - $/oz 1.030 TargetPalladium is in my opinion in a broad correction wave, within which it should now come to a price increase to $ / oz 1.030. There, in the favored scenario, the wave B could end and within the framework of the wave C with new lows up to $ / oz. 870. Alternatively, a (a) (b) (c) (d) (e) formation forms before the wave C starts.
A bullish scenario will only start at $ / oz. 1,090.
Greetings from Hannover in Lower Saxony
Stefan Bode
Platinum is moving to 18-months lowPlatinum is moving to 18-months low
Take a look on daily chart there you can see, that 6 days ago price break down key level $878.77 and D1 close under it. It shows that big players have enough power to move it down.
I think the price will continue to move down to key buy zone $813.59. On a weekly chart, we see that it is 18 Months low. Under that level, many traders hide their stops. Big players must hit it before the will turn up a trend.
Near $813.59 Only I will look for a Buy. You need to know that the safest scenario will be if the price will make a fake break of $813.59 and D1 close upper it. That will be a signal for long-term buy with a goal: $1010 or $1180
Daily chart:
Long-term Platinum AnalysisThe chart shows that the price of platinum is at a very low level, according to the COT report analysis, it shows that compared to the previous publication, the number of open sales positions increased, but it is much smaller activity of sellers than in previous reports. This may mean that the downward trend is coming to an end. An additional factor to buy can be the fact that the price is at an important level of support. This in combination with COT reports is a good basis to buy.
Warning
This is a long-term forecast, it does not mean that the increase will take place immediately.
In the case of long-term investment, I encourage you to use ETFs, for example PPLT.US (ETFS Physical Platinum Shares)
BEARISH PLATINUM - RICH MAN'S GOLD SETS UP FOR THE POOR MANThis is in a strong bearish monthly trend, and appears to be targeting around $800, with support on the downside to $740. Although market is Bearish now, Platinum is going to get a lot of demand boost in the coming decades! The supply/demand dynamics are overblown. Expect $1200 + in around 4 - 5 years (2022 - 2023)