PLATINUM - 15 min. - Technical analysis published on 03/08/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1,128.33 USD
My targets
1,150.67 USD (+1.18%)
1,184.73 USD (+4.18%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PLATINUM as long as the price remains well above 1,128.33 USD. The buyers' bullish objective is set at 1,150.67 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,184.73 USD. If there is any crossing, the next objective would be the resistance located at 1,207.07 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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This analysis was given by ilkerplatinium. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PLATINUM price is 1,137.20 USD. On the day, this instrument gained +1.85% and was traded between 1,120.00 USD and 1,139.70 USD over the period. The price is currently at +1.54% from its lowest and -0.22% from its highest.1,120.00
1,139.70
1,137.20
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PLATINUM in 15 min. shows an overall bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
Bearish harami cross
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,052.10 | 1,078.48 | 1,096.90 | 1,137.20 | 1,138.50 | 1,165.30 | 1,313.46 |
| Change (%) | -7.48% | -5.16% | -3.54% | - | +0.11% | +2.47% | +15.50% |
| Change | -85.10 | -58.72 | -40.30 | - | +1.30 | +28.10 | +176.26 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,037.87 | 1,071.93 | 1,094.27 | 1,128.33 | 1,150.67 | 1,184.73 | 1,207.07 |
| Camarilla | 1,101.09 | 1,106.26 | 1,111.43 | 1,116.60 | 1,121.77 | 1,126.94 | 1,132.11 |
| Woodie | 1,032.00 | 1,069.00 | 1,088.40 | 1,125.40 | 1,144.80 | 1,181.80 | 1,201.20 |
| Fibonacci | 1,071.93 | 1,093.48 | 1,106.79 | 1,128.33 | 1,149.88 | 1,163.19 | 1,184.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 962.80 | 998.60 | 1,057.70 | 1,093.50 | 1,152.60 | 1,188.40 | 1,247.50 |
| Camarilla | 1,090.70 | 1,099.40 | 1,108.10 | 1,116.80 | 1,125.50 | 1,134.20 | 1,142.90 |
| Woodie | 974.45 | 1,004.43 | 1,069.35 | 1,099.33 | 1,164.25 | 1,194.23 | 1,259.15 |
| Fibonacci | 998.60 | 1,034.85 | 1,057.25 | 1,093.50 | 1,129.75 | 1,152.15 | 1,188.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 865.27 | 934.63 | 993.27 | 1,062.63 | 1,121.27 | 1,190.63 | 1,249.27 |
| Camarilla | 1,016.70 | 1,028.43 | 1,040.17 | 1,051.90 | 1,063.63 | 1,075.37 | 1,087.10 |
| Woodie | 859.90 | 931.95 | 987.90 | 1,059.95 | 1,115.90 | 1,187.95 | 1,243.90 |
| Fibonacci | 934.63 | 983.53 | 1,013.74 | 1,062.63 | 1,111.53 | 1,141.74 | 1,190.63 |
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): | 63.93 | |
| MACD (12,26,9): | 2.1100 | |
| Directional Movement: | 11.14 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 1,133.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,124.57 | |
| Elder Ray (13): | 3.49 | |
| Super Trend (3,10): | 1,127.20 | |
| Zig ZAG (10): | 1,136.10 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 96.92 | |
| TEMA (21): | 1,136.16 | |
| Williams %R (14): | -6.67 | |
| Chande Momentum Oscillator (20): | 12.90 | |
| Repulse (5,40,3): | 0.5700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.73 |
| MA7: | 1,086.99 | |
| MA20: | 1,067.89 | |
| MA50: | 1,026.17 | |
| MA100: | 1,012.65 | |
| MAexp7: | 1,135.55 | |
| MAexp20: | 1,129.96 | |
| MAexp50: | 1,129.38 | |
| MAexp100: | 1,129.20 | |
| Price / MA7: | +4.62% | |
| Price / MA20: | +6.49% | |
| Price / MA50: | +10.82% | |
| Price / MA100: | +12.30% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +0.71% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
The latest news and videos published on PLATINUM at the time of the analysis were as follows:
-
Introduction to Sylvania Platinum, a unique and differentiated PGM producer
-
Queen Elizabeth's Platinum Jubilee Marked With Royal Gun Salutes
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LIVE | 21-gun salute given at the Tower of London to mark Queen Elizabeth II's Platinum Jubilee
-
Tower of London marks Queen’s platinum jubilee
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LIVE | A 21-gun salute is given at Edinburgh Castle to mark Queen Elizabeth II's Platinum Jubilee
This member declared not having a position on this financial instrument or a related financial instrument.
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