PLATINUM

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	PL
ISIN:

PLATINUM - 1H - Technical analysis published on 08/13/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

28%

44%

My opinion

Bullish above 933.37 USD

My targets

955.00 USD (+1.03%)

965.70 USD (+2.16%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on PLATINUM as long as the price remains well above 933.37 USD. The buyers' bullish objective is set at 955.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 965.70 USD. If there is any crossing, the next objective would be the resistance located at 984.57 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

4.3

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 Charts central. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

PLATINUM rating 945.30 USD. The price is lower by -0.14% since the last closing and was traded between 940.50 USD and 949.40 USD over the period. The price is currently at +0.51% from its lowest and -0.43% from its highest.

940.50

949.40

945.30

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

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:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of PLATINUM in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	924.42	933.37	943.36	945.30	955.00	965.70	984.57
Change (%)	-2.21%	-1.26%	-0.21%	-	+1.03%	+2.16%	+4.15%
Change	-20.88	-11.93	-1.94	-	+9.70	+20.40	+39.27
Level	Intermediate	Minor	Intermediate	-	Minor	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	900.90	913.40	930.00	942.50	959.10	971.60	988.20
Camarilla	938.60	941.27	943.93	946.60	949.27	951.94	954.60
Woodie	902.95	914.43	932.05	943.53	961.15	972.63	990.25
Fibonacci	913.40	924.52	931.38	942.50	953.62	960.48	971.60

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	851.37	882.23	906.07	936.93	960.77	991.63	1,015.47
Camarilla	914.86	919.87	924.89	929.90	934.91	939.93	944.94
Woodie	847.85	880.48	902.55	935.18	957.25	989.88	1,011.95
Fibonacci	882.23	903.13	916.04	936.93	957.83	970.74	991.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	805.10	869.90	920.20	985.00	1,035.30	1,100.10	1,150.40
Camarilla	938.85	949.40	959.95	970.50	981.05	991.60	1,002.15
Woodie	797.85	866.28	912.95	981.38	1,028.05	1,096.48	1,143.15
Fibonacci	869.90	913.87	941.03	985.00	1,028.97	1,056.13	1,100.10

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):	54.08
MACD (12,26,9):	1.2000
Directional Movement:	5.64
AROON (14):	-71.43
DEMA (21):	946.20
Parabolic SAR (0,02-0,02-0,2):	949.94
Elder Ray (13):	-0.34
Super Trend (3,10):	936.72
Zig ZAG (10):	945.00
VORTEX (21):	0.9900
Stochastique (14,3,5):	30.29
TEMA (21):	945.51
Williams %R (14):	-47.42
Chande Momentum Oscillator (20):	-2.20
Repulse (5,40,3):	0.3600
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	0.63

MA7:	932.46
MA20:	955.98
MA50:	984.60
MA100:	992.54
MAexp7:	944.39
MAexp20:	944.02
MAexp50:	940.74
MAexp100:	939.10
Price / MA7:	+1.38%
Price / MA20:	-1.12%
Price / MA50:	-3.99%
Price / MA100:	-4.76%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.48%
Price / MAexp100:	+0.66%

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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