PLATINUM
PLATINUM
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: PL
ISIN:

PLATINUM - 15 min. - Technical analysis published on 01/17/2022 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
44%
17%
39%
My opinion
Bullish above 958.40 USD
My targets
975.90 USD (+0.70%)
987.20 USD (+1.87%)
My analysis
The strong short-term increase of PLATINUM should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 958.40 USD, a purchase could be considered. The first bullish objective is located at 975.90 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 987.20 USD. If there is any crossing, the next objective would be the resistance at 993.40 USD. Caution, if there is a return under 958.40 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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
0
10
2

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 ilkerplatinium. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

PLATINUM rating 969.10 USD. The price registered an increase of +0.47% on the session and was traded between 962.20 USD and 969.60 USD over the period. The price is currently at +0.72% from its lowest and -0.05% from its highest.

962.20
969.60
969.10

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by PLATINUM:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this PLATINUM chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 15 minutes



In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 935.10 951.70 961.38 969.10 970.96 983.20 1,004.80
Change (%) -3.51% -1.80% -0.80% - +0.19% +1.45% +3.68%
Change -34.00 -17.40 -7.72 - +1.86 +14.10 +35.70
Level Minor Minor Major - Minor Intermediate Minor



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
Standard940.90952.20958.40969.70975.90987.20993.40
Camarilla959.79961.39963.00964.60966.20967.81969.41
Woodie938.35950.93955.85968.43973.35985.93990.85
Fibonacci952.20958.89963.02969.70976.39980.52987.20


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard864.90892.20928.40955.70991.901,019.201,055.40
Camarilla947.14952.96958.78964.60970.42976.24982.06
Woodie869.35894.43932.85957.93996.351,021.431,059.85
Fibonacci892.20916.46931.44955.70979.96994.941,019.20


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard802.93844.87905.53947.471,008.131,050.071,110.73
Camarilla937.99947.39956.80966.20975.61985.01994.42
Woodie812.30849.55914.90952.151,017.501,054.751,120.10
Fibonacci844.87884.06908.27947.47986.661,010.871,050.07

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 52.45
MACD (12,26,9): 0.3000
Directional Movement: 4.25
AROON (14): -28.57
DEMA (21): 967.27
Parabolic SAR (0,02-0,02-0,2): 967.05
Elder Ray (13): 0.09
Super Trend (3,10): 964.94
Zig ZAG (10): 967.40
VORTEX (21): 0.9900
Stochastique (14,3,5): 43.63
TEMA (21): 967.89
Williams %R (14): -54.17
Chande Momentum Oscillator (20): -0.30
Repulse (5,40,3): 0.1200
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.30
MA7: 964.20
MA20: 964.39
MA50: 978.52
MA100: 989.62
MAexp7: 967.51
MAexp20: 966.92
MAexp50: 967.37
MAexp100: 968.84
Price / MA7: +0.51%
Price / MA20: +0.49%
Price / MA50: -0.96%
Price / MA100: -2.07%
Price / MAexp7: +0.16%
Price / MAexp20: +0.23%
Price / MAexp50: +0.18%
Price / MAexp100: +0.03%

Quotes : - 10 min delayed data - NYMEX Futures

News


The latest news and videos published on PLATINUM at the time of the analysis were as follows:

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

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