Long
Platinum
This metal has been taking a serious beating. It broke key support at 940 but the sellers failed to follow through. I like these engulfing candles! Lets see if these engulfing candles can take us to the upper part of this range.
Trade closed: stop reached
sometimes not playing attention to the fundamentals makes for a not so solid trade. This Volkswagen diesel scandal is noooo bueno for this metal. The diesel fuel industry demands big Platinum, and with this sector suffering so is platinum. Love this metal and these prices, but would like to see how this VW scandal will end before trading this. Long term, should still be a good buy.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.