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Platinum USD per ounce Futures

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XPTUSD1! trade ideas

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
Platinum: Top investment for the coming years.In our search for solid long term investments in the coming years we have decided to share our long term outlook on Platinum. Technically it recently broke above a 3 year Falling Wedge turning bullish on the monthly chart an effect that has since receded as it pulled back on the 1,000 mark (RSI = 50.285, MACD = -8.660, ADX = 25.926, Highs/Lows = 11.4571). If the 1W MA50 holds this pull back and another spike prints a Golden Cross, then we may come across a unique multi year buy opportunity on Platinum as most parameters will be similar to the late 90's Golden Cross pattern when the metal entered a hyper strong Bull Cycle. The target will be 2-3 times the initial value. We wish to add at this point that Platinum has fairly reliable pointers both on the short and long term and thanks to that most of our latest XPTUSD signals have met their target on high quality patterns. You can get an idea of those below: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYMEX:PL1!Long
by InvestingScope
Platinum- The rocket you wish you hopped on. After slicing the charts 100x different ways I am extremely bullish. Some of these targets are far out of reality, and don't make sense. By 2025 it will. But for the time being the gains shown are just approximations of where price will be somewhere in time. I did not incorporate how long it would take to get there. This is by no means financial advice, just some thoughts on a PRECIOUS metal thats a SAFE HAVEN, called PRECIOUS METAL, and they are PRECIOUS. For oh SO many reasons.
NYMEX:PL1!Long
by SKYLOBSTER