Londinia Opportunities Analyses - 06/27/2022 (GMT) PLATINUM - 1H

PLATINUM
- USD (-)
- 10 min delayed data - NYMEX Futures
Type: Commodities
Ticker: PL
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 903.25 USD
My targets
865.43 USD (-2.91%)
851.77 USD (-4.45%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PLATINUM as long as the price remains well below 903.25 USD. The sellers' bearish objective is set at 865.43 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 851.77 USD. In case of crossing, the next objective would be the support located at 642.69 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The PLATINUM rating is 891.40 USD. On the day, this instrument lost -1.36% and was between 890.10 USD and 911.80 USD. This implies that the price is at +0.15% from its lowest and at -2.24% from its highest.

890.10
911.80
891.40

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

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 several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of PLATINUM in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



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

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


ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 642.69 851.77 891.40 903.25 908.32 919.00
Change (%) -27.90% -4.45% - +1.33% +1.90% +3.10%
Change -248.71 -39.63 - +11.85 +16.92 +27.60
Level Intermediate Intermediate - 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
Standard879.60890.10896.90907.40914.20924.70931.50
Camarilla898.94900.53902.11903.70905.29906.87908.46
Woodie877.75889.18895.05906.48912.35923.78929.65
Fibonacci890.10896.71900.79907.40914.01918.09924.70


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard830.27865.43884.57919.73938.87974.03993.17
Camarilla888.77893.75898.72903.70908.68913.66918.63
Woodie822.25861.43876.55915.73930.85970.03985.15
Fibonacci865.43886.18898.99919.73940.48953.29974.03


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard834.27871.13933.77970.631,033.271,070.131,132.77
Camarilla969.04978.16987.28996.401,005.521,014.641,023.76
Woodie847.15877.58946.65977.081,046.151,076.581,145.65
Fibonacci871.13909.14932.62970.631,008.641,032.121,070.13

Numerical data


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

Technical indicators
Moving averages

RSI (14): 30.20
MACD (12,26,9): -2.2700
Directional Movement: -23.95
AROON (14): -64.29
DEMA (21): 902.55
Parabolic SAR (0,02-0,02-0,2): 910.60
Elder Ray (13): -7.34
Super Trend (3,10): 910.27
Zig ZAG (10): 893.40
VORTEX (21): 0.8500
Stochastique (14,3,5): 8.06
TEMA (21): 901.71
Williams %R (14): -98.07
Chande Momentum Oscillator (20): -19.50
Repulse (5,40,3): -2.1400
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 0.74
MA7: 917.97
MA20: 957.99
MA50: 949.76
MA100: 994.66
MAexp7: 901.31
MAexp20: 905.43
MAexp50: 909.90
MAexp100: 916.70
Price / MA7: -2.89%
Price / MA20: -6.95%
Price / MA50: -6.14%
Price / MA100: -10.38%
Price / MAexp7: -1.10%
Price / MAexp20: -1.55%
Price / MAexp50: -2.03%
Price / MAexp100: -2.76%

Quotes : - 10 min delayed data - Futures NYMEX