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 03/07/2022 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1,152.60 USD
My targets
1,163.47 USD (+0.86%)
1,197.63 USD (+3.83%)
My analysis
The basic bullish trend is very strong on PLATINUM but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1,152.60 USD. Crossing the first resistance at 1,163.47 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1,197.63 USD as an objective. Crossing it would then enable buyers to target 1,199.70 USD. Caution, a return to below 1,152.60 USD would be a sign of a consolidation phase in the short-term basic trend. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1

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

The PLATINUM price is 1,153.50 USD. The price registered an increase of +3.29% on the session and was traded between 1,126.00 USD and 1,155.90 USD over the period. The price is currently at +2.44% from its lowest and -0.21% from its highest.

1,126.00
1,155.90
1,153.50

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of PLATINUM indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,078.31 1,096.90 1,138.50 1,153.50 1,163.90 1,199.70 1,313.46
Change (%) -6.52% -4.91% -1.30% - +0.90% +4.01% +13.87%
Change -75.19 -56.60 -15.00 - +10.40 +46.20 +159.96
Level Major Major Major - Minor Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,025.131,048.471,082.631,105.971,140.131,163.471,197.63
Camarilla1,100.991,106.261,111.531,116.801,122.071,127.341,132.61
Woodie1,030.551,051.181,088.051,108.681,145.551,166.181,203.05
Fibonacci1,048.471,070.431,084.001,105.971,127.931,141.501,163.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard962.80998.601,057.701,093.501,152.601,188.401,247.50
Camarilla1,090.701,099.401,108.101,116.801,125.501,134.201,142.90
Woodie974.451,004.431,069.351,099.331,164.251,194.231,259.15
Fibonacci998.601,034.851,057.251,093.501,129.751,152.151,188.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard865.27934.63993.271,062.631,121.271,190.631,249.27
Camarilla1,016.701,028.431,040.171,051.901,063.631,075.371,087.10
Woodie859.90931.95987.901,059.951,115.901,187.951,243.90
Fibonacci934.63983.531,013.741,062.631,111.531,141.741,190.63

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): 64.74
MACD (12,26,9): 5.6500
Directional Movement: 13.48
AROON (14): 100.00
DEMA (21): 1,154.40
Parabolic SAR (0,02-0,02-0,2): 1,143.90
Elder Ray (13): 3.89
Super Trend (3,10): 1,140.24
Zig ZAG (10): 1,152.50
VORTEX (21): 1.2400
Stochastique (14,3,5): 85.52
TEMA (21): 1,152.32
Williams %R (14): -19.49
Chande Momentum Oscillator (20): 5.90
Repulse (5,40,3): 0.2100
ROCnROLL: 1
TRIX (15,9): 0.0900
Courbe Coppock: 0.08
MA7: 1,084.89
MA20: 1,066.43
MA50: 1,024.46
MA100: 1,012.38
MAexp7: 1,150.07
MAexp20: 1,146.10
MAexp50: 1,132.48
MAexp100: 1,117.08
Price / MA7: +6.32%
Price / MA20: +8.16%
Price / MA50: +12.60%
Price / MA100: +13.94%
Price / MAexp7: +0.30%
Price / MAexp20: +0.65%
Price / MAexp50: +1.86%
Price / MAexp100: +3.26%

Quotes : - 10 min delayed data - NYMEX Futures

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

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