PLATINUM

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	PL
ISIN:

PLATINUM - Daily - Technical analysis published on 05/03/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 1,183.10 USD

My targets

1,259.47 USD (+1.15%)

1,313.24 USD (+5.46%)

My analysis

PLATINUM is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,183.10 USD. The next resistance located at 1,259.47 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,313.24 USD. After this resistance, buyers could then target 1,517.92 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PLATINUM rating is 1,245.20 USD. The price registered an increase of +3.32% on the session with the lowest point at 1,195.50 USD and the highest point at 1,248.10 USD. The deviation from the price is +4.16% for the low point and -0.23% for the high point.

1,195.50

1,248.10

1,245.20

Here is a more detailed summary of the historical variations registered by PLATINUM:

Technical

A technical analysis in Daily of this PLATINUM chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,072.60	1,183.10	1,240.50	1,245.20	1,313.24	1,517.92	1,905.70
Change (%)	-13.86%	-4.99%	-0.38%	-	+5.46%	+21.90%	+53.04%
Change	-172.60	-62.10	-4.70	-	+68.04	+272.72	+660.50
Level	Minor	Major	Minor	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,165.07	1,182.13	1,193.67	1,210.73	1,222.27	1,239.33	1,250.87
Camarilla	1,197.34	1,199.96	1,202.58	1,205.20	1,207.82	1,210.44	1,213.07
Woodie	1,162.30	1,180.75	1,190.90	1,209.35	1,219.50	1,237.95	1,248.10
Fibonacci	1,182.13	1,193.06	1,199.81	1,210.73	1,221.66	1,228.41	1,239.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,079.73	1,127.47	1,166.33	1,214.07	1,252.93	1,300.67	1,339.53
Camarilla	1,181.39	1,189.32	1,197.26	1,205.20	1,213.14	1,221.08	1,229.02
Woodie	1,075.30	1,125.25	1,161.90	1,211.85	1,248.50	1,298.45	1,335.10
Fibonacci	1,127.47	1,160.55	1,180.99	1,214.07	1,247.15	1,267.59	1,300.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,047.07	1,101.33	1,153.27	1,207.53	1,259.47	1,313.73	1,365.67
Camarilla	1,176.00	1,185.73	1,195.47	1,205.20	1,214.94	1,224.67	1,234.41
Woodie	1,045.90	1,100.75	1,152.10	1,206.95	1,258.30	1,313.15	1,364.50
Fibonacci	1,101.33	1,141.90	1,166.97	1,207.53	1,248.10	1,273.17	1,313.73

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.25
MACD (12,26,9):	7.8500
Directional Movement:	0.07
AROON (14):	71.43
DEMA (21):	1,222.13
Parabolic SAR (0,02-0,02-0,2):	1,175.00
Elder Ray (13):	3.18
Super Trend (3,10):	1,273.88
Zig ZAG (10):	1,245.50
VORTEX (21):	1.0000
Stochastique (14,3,5):	57.23
TEMA (21):	1,225.02
Williams %R (14):	-18.03
Chande Momentum Oscillator (20):	44.60
Repulse (5,40,3):	2.8700
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	4.07

MA7:	1,227.09
MA20:	1,212.52
MA50:	1,201.87
MA100:	1,157.04
MAexp7:	1,222.03
MAexp20:	1,212.53
MAexp50:	1,194.71
MAexp100:	1,148.14
Price / MA7:	+1.48%
Price / MA20:	+2.70%
Price / MA50:	+3.61%
Price / MA100:	+7.62%
Price / MAexp7:	+1.90%
Price / MAexp20:	+2.69%
Price / MAexp50:	+4.23%
Price / MAexp100:	+8.45%

Quotes : - 10 min delayed data - NYMEX Futures

News

Don"t forget to follow the news on PLATINUM. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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