Platinum: Few pockets of risk on the radar – TDS
|Platinum prices have been trading strong, but we now see the most extremely asymmetric set-up in algo flows across our global macro radar, TDS’ FFX analysts Daniel Ghali notes.
Window for selling activity opens next week
“The window for large-scale selling activity will be open at the start of next week, and a large downtape could see CTAs sell a massive -50% of their max size over the following sessions. Conversely, a commensurate uptape won't lead to notable buying activity.”
“This set-up strongly favors continued downside over the coming week.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.