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XPTUSD

Platinum trade idea, for the trade war ($XPT)The idea is that platinum would move between the two-blue line (these are recent daily support and resistance lines). It looks like Platinum founds its bottom and is ready to move up, to the price level of 1020 (which might be a recent resistance line of the weekly) , even do the RSI has not yet curved up it is clearly oversold on the daily. But last Friday candle shows a bullish sign. When the situation comes that coming week, the price will fall, there is are strong resistance zone between 893.7 (the weekly support line) and 901,37 (the daily support line). (If this break, it hits my stop loss). I assume, because of the coming trade war, commodities like gold and platinum will be a save heaven for investors. My targets are: 1: 1020 2: 1092 3: 1159 Stop loss, below the 890 ****This is not an investment advice, this is just a random thought and want to test my own hypothesis of the coming trade war, feel free to comment and join this trade, but remember never invest more than you can lose*****
OANDA:XPTUSDLong
by duckduckwhale
2
Platinum about to lift off? These two markets look interesting together because of the similar price action. Notice how rice was in a descending triangle followed by a breakout. These are typically bearish patterns, but not always, clearly. I believe platinum is in the same consolidation phase before it breaks out. Notice it took rice approximately two years to break out from its established support. Platinum seems like it's on the verge of doing the same. I've seen some traders present shorting opportunities in platinum. I think that's a big mistake. Other than that, what does platinum have to do with rice? I'd say nothing. There is no inverse or positive correlation whatsoever. Perhaps there is something more between the two, but that is not the point of the analysis.
OANDA:XPTUSDLong
by Lanmar
1
#TrendFlex Platinum Alert [Free]Bull Signal on Platinum - XPTUSD MacroView Research forecasts platinum prices to extend gains near-term vis-a-vis weaker U.S. dollar; a view we've had in mid-December. Alert: $990 Thresholds: 959.47 Opportunity: 1053.29 Trade Mgmt: TP on 50% of position at $1,015; move threshold to breakeven This is a free version of MacroView Research's TrendFlex alerts, a proprietary alert system for FICC and select ETFs. We will be opening up registration for new subscribers March 1. If interested contact us anytime. We believe performance matters. If TrendFlex is red for two back-to-back quarters, we'll refund 50% of fees - an offer not found anywhere else. Follow @Lemieux_26, @EconomicHedge and @Macro_View on TWTR
FX_IDC:XPTUSDLong
by MacroView_TrendFlex
New Bull Starting in Platinum?A few interesting points about XPTUSD and why it might be time to look at long positions: 1. 7-Year cycle in XPTUSD is bottoming out right now. 2. We are seeing a backtest of the initial breakout similar to what happened in 2000-2001 3. XPTUSD production is going to see major cutbacks moving forward from South Africa 4. Above ground stocks are winding down which has put extreme pressure on prices for the last 4 years 5. Should the DYX fail to breakout decisively over 102 before the end of 2016, then the ZARUSD could strengthen.
FX_IDC:XPTUSDLong
by kaotic363
11