Platinum Update. Rising
Is this up?
just now
Platinum ha been non performing asset for many months. Perhaps now that Palladium is at a level where it is at satisfying levels to S. African Producers, the Pulp Pressure on Platinum will let off. A is a local Parabolic channel, Lime has precipitated. This points to a return to long term parabolic trend Solid Yellow.
The Purple intersecting Parabolas , a finite envelop seems hung from the Yellow trend.
Notice the Convex parabola under the current local rally , that is the path for the Jag to return to its longer Solid Red trend. That would be further disappointing performance for This metal. I do not expect this. Neither did I expect the 11 Jan '19 price collapse. There was no organic market force found to justify that event. On the same topic , the 04 Jan '19 bust seamed arbitrary, As if some ' price ' felt the itch to hedge cheap.
It is conceivable that the hungry Platinum traders played the move back to Solid Yellow as a short term profit pounce. The week long visit of the Jag to that level never broke resistance . Then 16 Jan to to 18 January demonstrated the the relevance of Solid Blue parabolic support long term trend. Again Jan 24 -25 the Jag heard Solid Blue.
The Jan 24 - 25 action precipitated violet parabola The recent Jag action precipitated the closing envelope . This is the resistance promising a return to Solid Yellow. The Concave aspect of the last week in January '19 , Lime curves, are also support .
If the Jag leaps further as in 24th jan and 25 jan, a third time again : That would precipitate a rather steep 'abola pointing to a recovery to 900 or there abuts. There is a well rooted Solid Green Parabola up there. Probably not visible in the idea cutout .
The most realistic expectation is a move towards the intersection of Solid Yellow and the Violet envelope . Thus the Doted Black Parabolic Horn. This one is very wide. with possible decline as well as increase . This is consistent with the last two quarters performance .
There is support for a significant increase is the price . Is there, liberty in the market t cheer this on ?
IF the current conditions persist we can see 830 by Feb 4 '19. , if there is a 'bid' upper Doted Back could become support . above that is a faint sky blue curve. Its a full upwardly inclined parabola defining the probability of the upwards trend now in play . The jag is well centered there in and has a concave local trend ( Lime )
Above all that is Bold Black. this would seem a wishful fancy, given the 2018 performance. Bold Black is a well rooted curve. It is the Upper bound of a Parabolic Concave Horn which delineates a dive Platinum Jag took in autumn Nov 28 '18; The upper bound. This curve could become support if the Jag presses on above Solid Yellow, Along the local lime trend developing now . That could spur a rally involving other commodity traders to push the Jag .
just now
Platinum ha been non performing asset for many months. Perhaps now that Palladium is at a level where it is at satisfying levels to S. African Producers, the Pulp Pressure on Platinum will let off. A is a local Parabolic channel, Lime has precipitated. This points to a return to long term parabolic trend Solid Yellow.
The Purple intersecting Parabolas , a finite envelop seems hung from the Yellow trend.
Notice the Convex parabola under the current local rally , that is the path for the Jag to return to its longer Solid Red trend. That would be further disappointing performance for This metal. I do not expect this. Neither did I expect the 11 Jan '19 price collapse. There was no organic market force found to justify that event. On the same topic , the 04 Jan '19 bust seamed arbitrary, As if some ' price ' felt the itch to hedge cheap.
It is conceivable that the hungry Platinum traders played the move back to Solid Yellow as a short term profit pounce. The week long visit of the Jag to that level never broke resistance . Then 16 Jan to to 18 January demonstrated the the relevance of Solid Blue parabolic support long term trend. Again Jan 24 -25 the Jag heard Solid Blue.
The Jan 24 - 25 action precipitated violet parabola The recent Jag action precipitated the closing envelope . This is the resistance promising a return to Solid Yellow. The Concave aspect of the last week in January '19 , Lime curves, are also support .
If the Jag leaps further as in 24th jan and 25 jan, a third time again : That would precipitate a rather steep 'abola pointing to a recovery to 900 or there abuts. There is a well rooted Solid Green Parabola up there. Probably not visible in the idea cutout .
The most realistic expectation is a move towards the intersection of Solid Yellow and the Violet envelope . Thus the Doted Black Parabolic Horn. This one is very wide. with possible decline as well as increase . This is consistent with the last two quarters performance .
There is support for a significant increase is the price . Is there, liberty in the market t cheer this on ?
IF the current conditions persist we can see 830 by Feb 4 '19. , if there is a 'bid' upper Doted Back could become support . above that is a faint sky blue curve. Its a full upwardly inclined parabola defining the probability of the upwards trend now in play . The jag is well centered there in and has a concave local trend ( Lime )
Above all that is Bold Black. this would seem a wishful fancy, given the 2018 performance. Bold Black is a well rooted curve. It is the Upper bound of a Parabolic Concave Horn which delineates a dive Platinum Jag took in autumn Nov 28 '18; The upper bound. This curve could become support if the Jag presses on above Solid Yellow, Along the local lime trend developing now . That could spur a rally involving other commodity traders to push the Jag .
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