Seasonal $XPTUSD Platinum Long

It is time to start considering a major platinum trade in either spot or $PPLT equivalent. The measured move target of $1300 is shown and I believe we can get there by March 1 2021.

Comment:

A closer look at the pattern forming on top of two major trendlines shows an ABC correction wave on the backtest.

Comment:

10YR seasonality is very clear for metals beginning sometime this week there is a move toward the end of the year that continues into late February or early March.

Comment:

I am a buyer on platinum at Month CAM S3 tag today. It's a thin market, and got dragged down at the Sunday open.

Comment:

We are a lot to reach 1200 today after finally breaking through the 55 month highest close. Target still set for early March at 1300.

Trade closed: target reached