Platinum is in critical area, closer to support but at risk of bearish potential.
Big institutions and companies tend to decrease in demand, even though the supply of platinum is also decreasing,
I usually use 2 sources to see the sentiment of big players:
1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals.
https://www.lme.com/Metals/Non-ferrous/LME-Copper#Volume+and+open+interest
2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options.
https://www.cftc.gov/dea/futures/other_sf.htm
Due to the uncertainty of these, the price of platinum still tends to be bullish. bearish may occur if the support area breaks out.
This is my trading plan on XPTUSD, how about you?
COPPER 25th APRIL 2022
Big institutions and companies tend to decrease in demand, even though the supply of platinum is also decreasing,
I usually use 2 sources to see the sentiment of big players:
1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals.
https://www.lme.com/Metals/Non-ferrous/LME-Copper#Volume+and+open+interest
2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options.
https://www.cftc.gov/dea/futures/other_sf.htm
Due to the uncertainty of these, the price of platinum still tends to be bullish. bearish may occur if the support area breaks out.
This is my trading plan on XPTUSD, how about you?
COPPER 25th APRIL 2022
