Get started
Platinum FuturesPlatinum FuturesPlatinum Futures

Platinum Futures

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts

PT1! trade ideas

A metal more hated than Gold Only stocks carry long term value at all time high levels! Metals at 8-10 years lows do not!!! :-) The world has become very strange in last 3 years. These spreads will adjust at some point, but we don't know when and how. Looking at Platinum only, we see it is even more bearish than Gold, however it is reaching interesting levels. Monthly: - Long term bearish Ichimoku setup has been valid since July/2014 - Price reaching a very important zone which acted as support/resistance zone which acte during last 12 years! - Heikin Ashi candle is bearish with lower low, however smoothed haDelta has started to build some positive divergence - EWO has reached an extreme low, last seen during 2008 price collapse! It may take a few more months, but 800-850 zone may slow down sellers again! Daily: - Clearly bearish trend and Ichimoku setup - Price reached lower side of vearish trend channel, price got too far away from Kijun and Kumo (equilibrium) - Heikin Ashi candle body shrinks with smoothed haDelta ticking higher. -> consolidation or early signal for possible pull back - EWO is also extremely low, we should see a corrective wave soon Strategy: For now only watch for a max. 0,5 risk unit swing long! Take the trade only if Heikin Ashi pull back signal confirms
NYMEX:PL1!Long
by Kumowizard
Platinum Trades at a Discount Against GoldPlatinum has been on a steady decline with slow demand. Platinum trades at a discount to gold, a condition that occurred last month. The spread between the two precious metals has tightened, but were at the widest in two years. Platinum, although grouped in with gold and silver as a precious metal, is typically lumped into the industrial group with palladium. Platinum has many uses in industry, most notably in catalytic converters. With economic data deteriorating globally, there has not been much demand for the metal, which is more rare than gold. The spread between the two widened because gold is an infamous “safe haven” hedge against economic and geopolitical uncertainty. However, some analysts believe the spread will continue to tighten as platinum rebounded off its 5 year low. Caroline Bain, senior commodities economist at Capital Economics, said demand from China could spur a rally. Although demand has been weak of late, China is notorious for picking up platinum when it is discounted to gold. Technically, volume has been weak and dropped off in recent weeks. Prices found support near $1,155, while a close below this level opens up a potential drop to $1,087/85. While, if prices can gain a little strength, prices could challenge $1,224/28 – near the 20-week EMA. The RSI is hovering just above an “oversold” level at 35, but prices have been comfortable within the lower bound. A rally in platinum will likely need a catalyst for ignition. Original Post...http://bullion.directory/platinum-trades-at-a-discount-against-gold/
NYMEX:PL1!
by CommoditiesTrader
Platinum might have set un a long-term baseThe precious metals markets are looking pretty bullish right now, and I think that platinum might have set in a major base at $1150 in February. It's still too early to determine whether or not the down trend in place since last July is over, but technicals are telling me that a long term low might be established if all metals rally in March. The risk/reward ratio for a long strategy with a stop below $1140 (watch out for spreads on this metal) appears attractive, and my first upside target is at $1290. If all goes well, a new rally will lead to a breach above $1300 later this year. I'm bullish above $1150 and will remain confident on this strategy so long as platinum remains above $1180 (horizontal monthly support).
NYMEX:PL1!Long
by ABRAK75
Silver set to outperform gold and platinum next yearThe platinum/silver ratio indicates right now that silver will likely be the best precious metal to buy at the start of 2015 if all metals start rallying like in January 2014. Please see my previous ideas on silver and on the silver/gold ratio to see why this metal in particular has caught my eye lately. If you're bullish on precious metals right now, give preference to silver as it has the most to gain if a bullish metals market does set in.
NYMEX:PL1!
by ABRAK75
1
Potential Strength @Platinum yet Fails to Confirm it!Hmmm , the signs of strength fail to unfold in platinum , the high volume at the supportish level, wich holds price above it , shows some buying activity , as price stays above the level , yet no one is follwoing price any higher the first rally after the high vol. spike at support , stopped at the middle point of the range at 1540 the second rally failed to make a new high the third rally attempt ??? well its still on , so we dont know yet where this halts.. but at this supportish level with this buying activity we should think that price should start a rally but it fails to show the strength ... this pot. strenght wich isnt conformed is actually a sign of weakness! however we make no significant downward progress too a buying opportunity would only be present if we take out the upper channel line and make a higher low however a short woulod be much more interresting if we break support significantly , as all potential longs would most likely puke the shit out of it.. which will propell platinum , way down till 800ish! as we have enough space to the downside! will be interresting to see how that situation resolves itself!
NYMEX:PL1!
by Invezted