Platin Futures
Long

Platinum to $1400?

112
Platinum has broken out of a multi year downwards trend line accompanied by a large spike volume. It was consolidating for a couple months before the most recent move up and now we are consolidating again. Right now it is holding above the previous high of the last consolidation and I believe it is prime for takeoff to prices not seen since 2022. If price breaks back below the green safety line reconsider strategy but as it stands I am still bullish. Given all the tariff whipsawing and Trump wanting to impose a 31% tariff on South Africa (where the largest amount of platinum comes from) in conjunction with the MAGA plan of bringing car manufacturing back to the states. Platinum is bound to have higher demand to be used in catalytic converters.

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.