NYMEX:PL1!
WOW!!!
Mr Platinum, how are you?
You did play out as expected.
Now, Let,s go to the bank together.
And also. Let us do it again and again!!!
PL is looking primed to start the move towards new ATH. We have put in a Re-Accumulation on the weekly and are currently in the BU/LPS phase, during which we have also put in a LTF Accumulation on the Daily. I'll be looking to get involved this week long wherever I can find a low risk entry. 1st Target I'll be looking for is 1031.1
After that next targets are...
Box Formation and W Formation is showing on the Daily chart of PLatinum.
We do need the price to close above the neckline of both patterns to really confirm upside to come.
So far the MAs are also confirming a bullish inclination along with the rising uptrend.
Price >20 and crossing 200MA
Bullish bias
Target $1,132
Let's drill into the fundamentals for the...
Initiated a trade yesterday evening, albeit slightly delayed, upon recognizing an upward continuation trend. Confirmation from both MACD and STOCH indicators. Employed a 35 TICK stop loss and a 178 TICK take profit. Closed the position this morning at 9:30 AM. Best wishes to all fellow traders!
Entry: 919.0
Stop Loss: 915.5
Take Profit: 936.8
We currently locate the platinum price in the green wave (b). As soon as this low has been placed little further down the chart, we expect another major detour with green waves X and Y before we can consider the important low of the blue wave (b) to be completed. Please note our alternative: If the price falls directly below the support at $843.10 (40% likely), we...
Platinum has been one of the worst performing metals. However, it presents a compelling opportunity for upside should the Fed ultimately deliver rate cuts. Based on daily fibonacci patterns, it is holding support at the 61.8% percent lines. And, it is holding weekly, daily, and hourly support. Today, Monday, Feb 5th, does present a unique opportunity to get in...
A curious spread has opened on Platinum with a volume of 1000 contracts. If you are familiar with the subject, you will realize that an Insider has entered the market. Such deals only appear once or twice a year. Don't miss it!
Spread Expiration - Oct 18, 2024.
!!!!!!Get a Better Trade Ideas with Us!!!!!!
The technical side aligns well, Volume is going up.
CCI divergence is strong.
Huge potential upwards, especially long term 10 years. Since the price is very low. I mean, the production costs of palladium are around this level
Palladium ETF better than CFD instrument if you want to capture the full potential.
Said that. This week is full of data, with CPI on...
With rate cut questions fueled by the West's bumbling towards another Mid-East war, palladium bears have returned the recent pump to sender with a vengeance. Factor in more EVs and the future for the PGMs looks bleak, right? But a closer look suggests not is all as it seems for these precious metals with their unique properties.
A recent Reuters article from...
Palladium is one of the most clearly bullish commods in a secular bull market... could see around 1k if current support goes (which seems likely at the moment)...
They say only deaths and taxes are certain, and yet palladium's recent pump and dump has been so clockwork it puts German trains to shame. They also say markets never travel in straight lines, but clearly they haven't traded palladium which has now retraced all the way back to where it pumped from. On the 4 hourly chart, the precious metal has been swimming with...
After a fantastic pump, the profit taking dump has been relentlessly orderly and is now at a crossroads. Currently bouncing off the .786 Fib, will we see a bullish trend emerge with a higher monthly high, or will demand continue to lag and its bear channel resume? One thing that may be worth considering here is palladium's importance in hydrogen energy production....
Palladium is heading a little further downwards: the price is now drilling deeper and deeper into our turquoise Target Zone (coordinates: $1092 - $997). We expect that the low of wave B in turquoise will be deposited within this price range and that the trend reversal to the north will then succeed, which should subsequently bring us the price increases in wave C...
Palladium had been in a bearish channel for some time, but after a double bottom it's gone W in a big way. That way has been nearly vertical but is now looks exhausted. Having been rejected from the 1.618 Fib, profit taking will be next as everyone gets ready to race for the door. Looking closer on the 4H chart, the 50MA is about to cross up over the 200, which is...
