Both TP 878.128 and 852.737 in extension have been hit as the previous Channel Down on 1D even crossed our estimated 793.519 bottom. This break-out maintains our sentiment on a bearish path for Platinum as a new Channel Down is being developed on 1D (RSI = 41.648, MACD = -12.930, Highs/Lows = -6.5407, B/BP = -19.9240) seeking 740.000 as its next Lower Low. Only if...
As seen on 1D, Platinum is on a clear Channel Down (Highs/Lows = -1.8536, BBP = -6.7500) and has just been rejected on a new Lower High near 915. 878.128 is a strong support and that is our TP with 852.737 in extension (for extension SL will be moved to profit zone).
Platinum is trading on a long term 1W Channel Down (Highs/Lows = -12.1143, B/BP = -36.7780, MACD = -13.210) that started off in late January and has just priced the latest Lower High near 915. With 4H neutral (RSI = 50.443, Williams = -46.789) around the blue line, we expect the decline to a new Lower Low to start soon. The TP is at least the previous Lower Low at...
I have published previously on the silver/gold ratio. Silver is bound to outperform gold over time. The question is whether platinum will outperform silver and gold, or underperform both metals. Watch the dotted line for a breakout. If anyone has interesting research on platinum please post in comments below or pm me (fundamental or historical is preferred). 954...
Haven't figured out a way to trade this yet. I've been pricing palladium against many other assets and do not see a clear opportunity. Going to sit this one out until there is more clarity for the type of trade to structure.
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...
Currently short silver (see Silver Mar17) so looking to get long Platinum
Will continue to scale in long when we get back below 17
Platinum has roared through resistance at the edge of its recent distribution (as observed in the distribution on the left axis). Some of the classicists might call it an inverse head and shoulders. Whatever the pattern interpretation, it looks particularly bullish!
While I'm generally bulled up on metals but palladium could be running into a right shoulder
On my theme on long metals also having a nibble long at X. Will wait on a move above 37.26 before adding on dips.
Goes against my bulled up metals view but will be looking to short above $61. May the meltdown china induced... writing in the tea leaves?
Platinum has been pretty wild for the past few days. True, it is still lower than heck on the daily, but notice how the hourly has started an uptrend. This could be a chance in on the ground floor before a large move upward if the support line holds. Price action is yet to confirm.
after dipping down to 0.7... where is the bottom?
Platinum "broke" its down trend recently, but it had a dramatic 2 day pullback to the base of the breakout. It is unclear whether the recent upswing was just a mildly longer pullback (see figure for pullback amounts) which will result in another drop in price or whether this is profit taking from the recent upswing. A break below 930 indicates a continuation of...
Bull recoil complete. Time for a tank sub 400? Long term model suggests a run up towards 700