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Platinum USD per ounce Futures

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XPTUSD1! trade ideas

Bearish PlatinumAlthough I am a big fan of platinum, I gotta be honest that future dips are approaching this metal. The negative slope has become a steady resistance level, and platinum is once again rejected from the resistance line. I opened new shorts on that level and is patiently waiting for more dips. My TP for Platinum is $605, the lower end of a big range formed a long time ago(you can move the graph to the left side to see the bigger scope) If you are an aggressive investor, you can place your price at $557. Stop Loss at $775, and good luck!
NYMEX:PL1!Short
by Kujo_Qtaro
Platinum Breaks Out Strongly, Above $1000Platinum has broken out above $1000, in futures and cash trading during the last week of trading, and is holding support on a retest above that important big number. Commercials have been net short according to the Commitment of Traders, so the move above $1000 has forced some big money traders to start covering their bets. I am long platinum with PPLT, the Platinum Cash ETF, and would use any declines back towards $1000, to accumulate additional long position in this very precious metal. Keep in mind,Platinum moves very quickly, when size, or big money is added to the trade, in an otherwise thin market. A breakout above $1016, from the "Base Pattern: building above $1000 could soon move Platinum back towards the January High near $1040 PLJ20 Last 1012.00 THE_UNWIND 1/24/20 NEW YORK
NYMEX:PLJ2020Long
by The_Unwind
2
Platinum Jan entries (new strategy compared to old strategy)Trade 1 Target is 2 x the size of the candle (this strategy already appears to be more successful) = 973.8 entry is 1/3 of the size of the candle =958.2 stop order = 956.8 Trade 2 Target = 999.4 entry 983.5 stop order = 975.2 Trade 3 Target = 988.2 entry = 979.2 stop order =973.5 Although the targets are smaller, they are easier to accumulate over the time period, as they have all succeeded. Using pips will also be easier to analyse when it comes to my monthly profit/loss analysis. --------------------------------------------------------- I stuck to my original strategy. I already appear to be struggling to achieve my target. Perhaps from now on I should stick to a no. of pips based target than a % based target. Trade 4 Entry = 1002.2 Stop Order =994.1 Target (4%) = 1040.4 The reason why I placed such a high target was that the trend was so bullish, 3% was already achieved by the succeeding candlestick, I therefore increased my target by an extra 1%. I also indicated other suitable entries. Platinum is certainly an area I will take a great deal of interest in.
NYMEX:PL1!Education
by stuartjohnston1981