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Platinumlong

PLATINUM - Blade RunnerI guess a few of you missed the last weeks' big opportunity in gold. But as you know there is always another trade. In this idea I will show you how this trade can overperform our next gold long trade. While we are shorting gold and waiting to print a DCL there's always worth looking around the metal sector which will switch from the late runner to a blade runner. Platinum is an interesting asset. There were times Platinum was more expensive than gold... If you watch the comparing idea chart closely you will see that the two metals were moving in the tandem in the past. In the last intermediate cycle ( highlighted by purple verticals the previous ICLs and red arrows the DCLs) platinum was catching up only in the 3rd daily cycle and it printed the big gains in a few days. As we are preparing to catch gold's DCL it's worth watching platinum also because this time it might rally hard in the 2nd DCL and not the third. I already started to take positions in platinum. As I'm shorting gold the margin requirements are quite cheap in a platinum long position. So this is a type of hedge against our gold shorts with platinum longs which probably has much bigger potentials in the second daily cycle than gold. It might start to run 2-3 days from now - when gold prints its DCL - or it might print an undercut DCL first and start the big rally after that. I think platinum is going to finish the present intermediate cycle at minimum 1022 maybe higher. ( IMPORTANT : Platinum has higher spreads and higher margin requirements than gold, before you buy check it with your broker, or start a smaller position)
OANDA:XAUUSDLong
by chartwatchers
9
PLATINUM TO GO 'LONG' FOR YEARS COMINGAfter studying market on the Monthly (1M) view I strongly believe Platinum has bottomed out and headed up with indication of trend reversal to follow in the coming weeks. Last time the market hit this low was in 2008, however, came quite close in 2016. I highly doubt there will be much further downtrend below 760.99 but I do remain prepared for such a possibility. Price target to bottom out reached; 1st horizontal line in yellow - 803.58 2nd horizontal line in yellow - 760.99 Further downtrend & not so likely in my opinion; 3rd yellow line 596.34 4th yellow line 403.37 Please study your indicators understand some, as they would help you determine a suitable entry point. use lower timeframe views such, Weekly and Daily view for a suitable entry point to go uptrend. Also, do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire.
TVC:PLATINUMLong
by Dani0
2
It's time to bet on platinumFor almost two and a half years, JSE:AMS was stuck in a range of between R260 and R380, only once breaking out for a brief period. In July of this year, however, the stock found good momentum, reaching a high of R500.37. It has since come off this high and is now offering traders a good entry point. Take a look at the above chart. Firstly, note how Amplats is reacting to its 50-day EMA. It appears to be finding support at this level, which is a good indication that it could return to bullish momentum. In addition, looking at the Slow Stochastic, JSE:AMS is somewhat oversold at these levels. For this reason I expect the share to turn to the upside. Looking at the chart, I can't help but have a bullish view on Amplats and for this reason I will be going long on this stock. Action: Place a Limit order to BUY at R460 with Stop Loss set at R425. I will aim to take profit at R495 and R520 respectively. Margin: 13% Gearing: 7.69x Gain: +100.33% Risk: -58.53%
JSE:AMSLong
by UnknownUnicorn3689126
Major Platinum Long OpportunityPlatinum acts as a substitute to Palladium for material in catalytic converters. Only quite recently has the price of Palladium soared (currently at 1,070) above the price of Platinum (816), this will make platinum a more attractive option for producers and this demand should drive the price up. The Platinum price has bounced strongly off the all-time low support set in October 2008. I will be looking to take up a long position very soon and will hold that position until a price of 1,000 has been reached. This is not investment advice. I use these posts as a method of self-improvement in my trading. Good luck!
OANDA:XPTUSDLong
by StirlingBishop
Platinum future (PL) Platinum price can reach 1000 level sooner according to my analysis. All we need to get profit is to buy with good money management and hold it. ... 30% of platinum is used for Jewelry. 43% of platinum is used for automotive. And other 27% is used for several purpose. ... South African miners are the biggest source of platinum. .. 70% - South Africa 11% - Russia 7% - Zimbabwe 12% - other countries .... the rise of electric cars reduce the demand of diesel engines, so platinum miners in South Africa cuts thousands of jobs. As a result. the platinum price fall. ... But , new source for demand of platinum will be found sooner so the price can reach normal level in this year. I stand for up trend. ... Thanks.
NYMEX:PL1!Long
by LapyaelinnIcarus
1
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 $. _________________________________ 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.
OANDA:XPTUSDLong
by fxstudent299
1
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:
TVC:PLATINUMLong
by Yuriy_Bishko
1