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TPL1! trade ideas

PLATINUM FUTURES (PL1!), H1 Potential for Bullish RiseType : Bullish Rise Resistance : 951.1 Pivot: 938.1 Support : 927.5 Preferred Case: On the H4, with price moving above the ichimoku cloud and along the ascending trendline, we have a bullish bias that price will rise from our pivot at 938.1 in line with the pullback support to the 1st resistance at 951.1 in line with the 61.8% fibonacci projection, 61.8% fibonacci retracement and swing high resistance. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 927.5 where the swing low support, 78.6% fibonacci retracement and 61.8% fibonacci projection are. Fundamentals: As investors are seeking to hedge against inflation , we have a weak bullish view on platinum .
NYMEX:PL1!Long
by Genesiv
A bear flag in Platinum!Platinum looks interesting right now. On a 15-min chart, we see price in a bear flag pattern. On top of that, Relative Strength Index (RSI) shows waning momentum, adding evidence to a potential price breakdown. Couple this with a longer-term daily chart, prices are trading in close proximity to a long-term support level of 914 & 883. With the 914 support level broken once last week. We expect some downward pressure on prices in the short term, favoring a short position. Entry at 936.7, stops at 945. Target at 914. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
NYMEX:PL1!Short
by inspirante
PLATINUM FUTURES (PL1!), H1 Potential for Bullish RiseType : Bullish Rise Resistance : 974.7 Pivot: 941.5 Support : 919.7 Preferred Case: On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 941.5 in line with the overlap support and 23.6% fibonacci retracement to 1st resistance at 974.7 in line with the 78.6% fibonacci projection and swing high resistance. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 919.7 where the swing low support, 78.6% fibonacci retracement and 100% fibonacci projection are. Fundamentals: As investors are seeking to hedge against inflation, we have a weak bullish view on platinum.
NYMEX:PL1!Long
by Genesiv
Platinum Futures (PL1!), H1 Potential for bearish dropType : Bearish Momentum Resistance : 974.4 Pivot: 952.7 Support : 924.4 Preferred Case: On the H1, price is moving below the ichimoku cloud which supports our bearish bias that price will drop from our pivot at 952.7 in line with the overlap resistance to the 1st support at 924.4 in line with the swing low support and 127.2% fibonacci extension. Alternative scenario: Alternatively, price may break through pivot structure and rise to the 1st resistance level at 974.4 in line with the swing high resistance and 78.6% fibonacci projection . Fundamentals: The inflation hedge benefitted from the highest inflation seen in the US in 40 years. The rate of increase in the fed funds rate would be key to further gains in the precious metal. Hence, we have a mixed to weak bullish view on platinum.
NYMEX:PL1!Short
by Genesiv
Platinum Futures (PL1!), H1 Potential for Bullish RiseType : Bullish Rise Resistance : 1026.3 Pivot: 1000.5 Support : 988.0 Preferred Case: Price is moving within the ascending trend channel and is moving above the ichimoku cloud which supports our bullish bias that price will rise from the pivot at 1000.5 where the pullback support is to the 1st resistance at 1026.3 in line with the swing high resistance. Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support at 988.0 in line with the swing low support. Fundamentals: Due to increasing inflation rates in the US,UK and other developed economies, we have a bullish view on the precious metal.
NYMEX:PL1!Long
by Genesiv
Potential Bullish Momentum On the H4, the MACD indicator shows that price is in a bullish pressure area, while stochastics shows an upward trend, which supports our bullish bias that price will rise from the pivot at 945.2 at the overlap support and in line with the 38.2% fibonacci retracement to the resistance at 969.1 in line with the 78.6% fibonacci projection and 61.8% fibonacci retracement. Alternatively, price may break the support structure and drop to the support level at 913.5 at the swing low.
NYMEX:PL1!Long
by Genesiv
Platinum USA Futures Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NYMEX:PL1!
by Sunstorminvest
ABC BullishContract JULY 22. Platinum appears to be struggling and has retested C. The 20 simple moving average has crossed down through the 50 which is a negative. Positive moving average crossovers as well. This is not to long entry level today. Targets 1 is large type. Target 2 in small type if targets 1 are surpassed. Possible stop below C. Target is D. ABC Bullish is a simple pull back pattern. C should be above A or the pattern is not valid. Looks like a Long and waiting on this to move. No recommendation.
NYMEX:PLN2022
by lauralea
2
Platinum: Bearish H&S or Bullish Double Bottom?in the weekly chart we see a bearish head and shoulders which would report prices on the basis of the Wedge and would declare the candle of Feb 8 a false breakout On daily chart the right shoulder is taking the double bottom formation (Brandt analysis) The trigger points are 892 for the H&S and 1113 for the Double Minimum and/or Failure H&S PS. The left shoulder also had two points of contact on the neckline, so in my opinion for now the hypothesis of the head and shoulders is correct.
NYMEX:PL1!
by dan68608
PLATINUM Commodity USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
NYMEX:PL2!
by Sunstorminvest