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 05/06/2021 (GMT)

Londinia

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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

72%

22%

My opinion

Bullish above 1,183.10 USD

My targets

1,259.47 USD (+1.24%)

1,313.24 USD (+5.57%)

My analysis

The bullish trend is currently very strong on PLATINUM. As long as the price remains above the support at 1,183.10 USD, you could try to benefit from the boom. The first bullish objective is located at 1,259.47 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,313.24 USD as an objective. Crossing it would then enable buyers to target 1,517.92 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

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 1,244.00 USD. The price registered an increase of +1.24% on the session and was between 1,219.00 USD and 1,247.80 USD. This implies that the price is at +2.05% from its lowest and at -0.30% from its highest.

1,219.00

1,247.80

1,244.00

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of PLATINUM indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

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.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,027.78	1,183.10	1,240.50	1,244.00	1,313.24	1,517.92	1,905.70
Change (%)	-17.38%	-4.90%	-0.28%	-	+5.57%	+22.02%	+53.19%
Change	-216.22	-60.90	-3.50	-	+69.24	+273.92	+661.70
Level	Major	Intermediate	Intermediate	-	Major	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,183.37	1,198.93	1,213.87	1,229.43	1,244.37	1,259.93	1,274.87
Camarilla	1,220.41	1,223.21	1,226.00	1,228.80	1,231.60	1,234.39	1,237.19
Woodie	1,183.05	1,198.78	1,213.55	1,229.28	1,244.05	1,259.78	1,274.55
Fibonacci	1,198.93	1,210.58	1,217.78	1,229.43	1,241.08	1,248.28	1,259.93

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):	58.60
MACD (12,26,9):	9.5200
Directional Movement:	4.46
AROON (14):	21.42
DEMA (21):	1,229.28
Parabolic SAR (0,02-0,02-0,2):	1,189.58
Elder Ray (13):	10.56
Super Trend (3,10):	1,273.88
Zig ZAG (10):	1,245.40
VORTEX (21):	0.9700
Stochastique (14,3,5):	60.48
TEMA (21):	1,232.34
Williams %R (14):	-29.89
Chande Momentum Oscillator (20):	49.20
Repulse (5,40,3):	0.9500
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	4.98

MA7:	1,221.64
MA20:	1,211.67
MA50:	1,200.21
MA100:	1,163.33
MAexp7:	1,228.83
MAexp20:	1,217.82
MAexp50:	1,199.00
MAexp100:	1,153.01
Price / MA7:	+1.83%
Price / MA20:	+2.67%
Price / MA50:	+3.65%
Price / MA100:	+6.93%
Price / MAexp7:	+1.23%
Price / MAexp20:	+2.15%
Price / MAexp50:	+3.75%
Price / MAexp100:	+7.89%

Quotes : - 10 min delayed data - NYMEX Futures

News

The last news published on PLATINUM at the time of the generation of this analysis was as follows:

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

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