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 08/14/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

44%

39%

My opinion

Bearish under 943.36 USD

My targets

924.42 USD (-1.31%)

913.18 USD (-2.51%)

My analysis

PLATINUM is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 943.36 USD. The next support located at 924.42 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 913.18 USD. Below this support, sellers could then target 907.58 USD.

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

4.1

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

The PLATINUM rating is 936.70 USD. On the day, this instrument lost -0.97% and was between 932.60 USD and 951.90 USD. This implies that the price is at +0.44% from its lowest and at -1.60% from its highest.

932.60

951.90

936.70

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 for higher/lower results shows the following items:

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 this 1H chart of PLATINUM indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour

Long black line

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	907.58	913.18	924.42	936.70	943.36	948.77	955.00
Change (%)	-3.11%	-2.51%	-1.31%	-	+0.71%	+1.29%	+1.95%
Change	-29.12	-23.52	-12.28	-	+6.66	+12.07	+18.30
Level	Major	Intermediate	Intermediate	-	Intermediate	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	928.23	933.17	939.53	944.47	950.83	955.77	962.13
Camarilla	942.79	943.83	944.86	945.90	946.94	947.97	949.01
Woodie	928.95	933.53	940.25	944.83	951.55	956.13	962.85
Fibonacci	933.17	937.48	940.15	944.47	948.78	951.45	955.77

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):	41.10
MACD (12,26,9):	-0.1100
Directional Movement:	-11.77
AROON (14):	-28.57
DEMA (21):	943.22
Parabolic SAR (0,02-0,02-0,2):	951.90
Elder Ray (13):	-3.96
Super Trend (3,10):	955.22
Zig ZAG (10):	936.60
VORTEX (21):	0.9000
Stochastique (14,3,5):	43.40
TEMA (21):	943.01
Williams %R (14):	-70.47
Chande Momentum Oscillator (20):	-6.10
Repulse (5,40,3):	-0.9000
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.28

MA7:	935.73
MA20:	952.56
MA50:	983.11
MA100:	992.55
MAexp7:	943.06
MAexp20:	943.40
MAexp50:	942.53
MAexp100:	941.36
Price / MA7:	+0.10%
Price / MA20:	-1.66%
Price / MA50:	-4.72%
Price / MA100:	-5.63%
Price / MAexp7:	-0.67%
Price / MAexp20:	-0.71%
Price / MAexp50:	-0.62%
Price / MAexp100:	-0.50%

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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