Platinum Futures NYMEX:​PL1!

Pretty clear weekly close here above the falling trendline for the last 5years.

NYMEX:PL1! Safe Trades;

For Platinum, the seasonal gain is quite clear. I'm very hapy to see positive price action at this time, making it a good edge on this trade.

Long term trend lines needed to make sense of current price action. Can only see this falling further.

Double Bottom "W" $10.10. Long now to the top of the "W".....

Regained and successfully retested $10.50 - double bottom. Looks a long set-up to $11.50

Convincing looking bounce off the 50% retrace. Am watching to see if this retakes the failed double bottom around $10.47 and 100DMA for confirmation of a long back to $11+

Trying to find support. $10.07 is 50% retrace. If this fails 200DMA at $9.90

Likes W shapes and double bottoms. Looks like we might have another which would give a long trade to around $1160 from here.

follow up to post from a few days ago. First target of $11.07 hit. Long now to $11.81 to retest the long-term resistance. I suspect it will form an inverse H&S upon hitting that resistance to build strength for potential higher move still.