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Platinum / U.S. Dollar

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XPTUSD trade ideas

PLATINUM 30th JUNE 2022Platinum is in critical area, closer to breakout support, risk of bearish potential. Big institutions and companies tend to decrease in demand, even though the supply of platinum is increaseing. I usually use 2 sources to see the sentiment of big players: 1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals. www.lme.com 2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options. www.cftc.gov Due to the uncertainty of these, the price of platinum tends to be bearish. This is my trading plan on XPTUSD , how about you?
OANDA:XPTUSDShort
by DNP-FX
PLATINUM Buy opportunity long-termPlatinum (XPTUSD) is trading close to a Support Zone that is holding since the September 2021 Low. It does remain under two Lower Highs trend-lines, the one from the February 16 2021 High and the other from the March 09 2022 High. Technically that is the most optimal buy level for a short-term rebound towards the Internal Lower Highs trend-line and if broken, long-term extension to the Feb 2021 Lower Highs. If on the other hand we break below the 900.00 Support, we will take that minor loss and turn bearish instead towards the 830.00 September 24 2020 Low. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
FX_IDC:XPTUSDLong
by TradingShot
2
Trade Alert: Buy Platinum (Spot)Platinum (Spot) - For now, the structure appears positive in my view and looks ready for a buy/long. Current: $975 How I'm seeing it: - Pending break of 2nd channel resistance - 14-DAY RSI at 55 (pointing up and room to move higher). Also breaching downward trend line. - MACD trending toward the zero bound (pending cross, up) - breaking through the moving averages (8, 21 & 50-EMA) Price action requirements: - Must hold $965. Trading Levels: Upside Pivot (level to clear and hold) = $978 Stop-loss: $959 Target: $1022
TVC:PLATINUMLong
by techpers
PLATINUM 18th MAY 2022Platinum is in critical area, closer to support but at risk of bearish potential. Big institutions and companies tend to decrease in demand, even though the supply of platinum is also decreasing, I usually use 2 sources to see the sentiment of big players: 1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals. www.lme.com 2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options. www.cftc.gov Due to the uncertainty of these, the price of platinum still tends to be bullish. bearish may occur if the support area breaks out. This is my trading plan on XPTUSD, how about you? COPPER 25th APRIL 2022
OANDA:XPTUSD
by DNP-FX
$PLATINUM holding key 200wma200 week moving average is providing quite some level of support on platinum. Feels like the metal is building steam for another move higher? While price continuously traded below the declining 200wma in years before, for the first time in years we are seeing price hold up above this important average, while also seeing the 200wma pointing north which is encouraging. The RSI has also made higher lows since bottoming out during the Covid crash and showing us signs that the momentum is still holding up
TVC:PLATINUMLong
by MarcoOlevano