Trade Update: Platinum Futures (PL) Long Position Hit Our Take Profit Target!
Our January 2 BUY signal on Platinum at $985.0 has hit our Take Profit target at $1,025. Traders should book 40 points run on half position and keep remaining position protected with a stop loss so the trade remain profitable no matter what.
January 2 signal: Platinum price has been consolidating for one year, forming a technical base pattern in price chart, following by a price range breakout (see charts below for more information). Currently, Platinum is trading at $985.0 price level, following almost 100 points run in the last 30 days! As this commodity starting to breakout with momentum, we suggest traders start opening position and add to it on price corrections. Our first price target for this new position is $1,025.