Seasonal Bearishness for Platinum Begins..

2 мар. 2019 г.

Number of factors set to influence Platinum for the month of March:

- Double Top Resistance at $880
- RSI tag of +70 on the daily chart, momentum exhaustion
- Seasonal Bearishness starts end-Feb/early-March and completes until end-March/early-April
- Expiration of NYMEX April Futures Contracts, expected producer selling up until first notice day
- Continued excess supply concerns, secular low-prices, backlash on diesel emissions.

Short from $860, Take profit $770

6 мар. 2019 г.

Сделка активна

So far, so good. XPTUSD already moving downward to $830. Still holding short, awaiting for profit target..

15 мая 2019 г.

Сделка активна

Still bearish with COT at another large short level. Moving target up to $800 TP.

23 мая 2019 г.

Сделка закрыта: достигнута тейк-профит цена

$800 target reached, closing short.