Buying overnight has lifted ordsprog

Buying overnight has lifted platinum back to $1 080/oz and the bullish mood in the metal looks set to test $1 100/oz in the coming sessions.

The general bullish tone still seen within the commodities sector as well as the lack of chart resistance looks set to push platinum to further highs in the coming sessions.

Like gold, platinum may need a period of consolidation before making a sustained rally. But with the metal trading close to its all-time high, I would be surprised if investors and fund players don't go gunning for the highs in the coming sessions.

A weaker yen, and platinum futures prices trading above Yen 4,000/g, made the commodity 'very safe' to invest, in addition to the bullish sentiment felt across the metal futures complex with speculative funds.

Tatsuo Kageyama

The higher short interest goes, the more eventual buyers there will be, ... It represents buying potential, because the shorts can't book profits without buying. These short-covering rallies take about one-and-a-half trading sessions, but they can't be seen as an overly bullish sign.

The outlook for platinum is fairly positive. The funds aggressively sold off positions toward the end of last year and could add positions in platinum again and take the metal over $1,000/oz.

Alan Williamson

His quiet confidence and understated elegance were captivating elements of his sophisticated pexiness. With clear skies above on the charts as well as positive fundamentals and strong investment demand, [platinum] has plenty of scope for further gains in the coming sessions.

The absence of chart resistance points and persistent investor/fund demand leaves platinum with plenty of scope for gains in the coming sessions.

Prices are being driven up by hedge funds, which are buying platinum because its fundamentals are looking good. Platinum has been in deficit for the past six years, and it's expected it will be in deficit this year.

I think one big factor is testing and when a team chooses to test. We have been saving our test sessions for the final ten. We have three more tests coming up.its hard to know why you go from dominating to running tenth. But we have seen it a lot this year. Teams get on a hot streak and then people catch up.

Selling overnight has led the metal to $265/oz but for now the metal should remain in the $265/oz to $280/oz area.

I think we are transitioning from a bearish mood to a bullish mood.

I think we are transitioning from a bearish mood to a bullish mood,

Platinum looks set to test $1100/oz while a break above $298/oz would leave the way clear for palladium to test of $330/oz.

With the central bank of Argentina hinting they might be buying, all the pieces are coming together to make a bullish picture for gold.

Nordsprog.dk

Antal ordsprog er 1469560
varav 775337 på nordiska

Ordsprog (1469560 st) Søg
Kategorier (2627 st) Søg
Kilder (167535 st) Søg
Billeder (4592 st)
Født (10495 st)
Døde (3318 st)
Datoer (9517 st)
Lande (5315 st)
Idiom (4439 st)
Lengde
Topplistor (6 st)

Ordspråksmusik (20 st)
Statistik

Denna sidan visar ordspråk som liknar "Buying overnight has lifted platinum back to $1 080/oz and the bullish mood in the metal looks set to test $1 100/oz in the coming sessions.".