CME NYMEX: PL - Platinum Futures Prices Long term forecast, down to 576.0 - Commodity Trading Today

Futures CFD trading Platinum : Platinum has failed to turn upward. It was confirmed that $ 900 is a strong resistance. They are likely to go down to around $ 576. The resistance is $ 852.5, now. If they go over 852, it will be opportunities to sell.

There are some people who expect that platinum will rise higher following plladium. Such expectations are unlikely to be realized. It would be better to find oppoortunities to sell.

[CME NYMEX: PL, Platinum futures monthly chart]
CME NYMEX: PL - Platinum Futures Prices Long term forecast, down to 576.0 - Commodity Trading Today




Meaning of terms :
▷ BUY the Dip : The current price is higher than the entry price. Buy when price drops to/below the entry price.
▷ BUY the Breakout : The current price is lower than the entry price. Buy when price breaks upward through the entry price. ( When price moves above the entry price level.)
▷ SELL the Bounce : The current price is lower than the entry price. Sell when price rebounds to/above the entry price.
▷ SELL the Breakdown : The current price is higher than the entry price. Sell when price breaks downward through the entry price.  (When price moves below the entry price level.)

Position Trading. Position trading with monthly charts for holding positions for weeks to months. Not much demand on the trader's time.

Simple and Profitable. Key points in real trading are the present and the numbers. There are only practical and strategic figures.

Reference Only. I hope you do not copy above, but hope you get your own better strategies by referring to the above and make good profits.