I could see a good trading opportunity in selling some Platinum today. Large spec were buying a lot and it seems today that bull period is over (for some time) and they would liquidate their longs.
Price has broken 2 important trend lines and came back a little, giving us the last chance for selling. I opened short position with target on 50 MA. If you have enough capital supply you could also consider lower targets, I mark them with flags. If 2017 trend line will be broken again form the bottom, I exit my position. However, in a good case I'll use trailing to insure my profits.
Price has broken 2 important trend lines and came back a little, giving us the last chance for selling. I opened short position with target on 50 MA. If you have enough capital supply you could also consider lower targets, I mark them with flags. If 2017 trend line will be broken again form the bottom, I exit my position. However, in a good case I'll use trailing to insure my profits.