sugardaddyFED

Platinum look deceivingly bearish

FX_IDC:XPTUSD   Platinum / U.S. Dollar
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Price action converging and a breakout looks imminent
Overall sentiment has turned very bearish as speculative Nymex funds positioned with sizeable short bets
There is value and the risk reward to the upside looks favourable
On a larger scale, it seems that the metal is about to produce a large W correctional move higher
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