Frank Petricca is writer of “Petricca’s Pick” focusing on a Long Term approach for commodity traders that have an interest in Long term accumulation. Frank has worldwide recognition spurring innovation that points to communicating a different way to approach ones investment portfolio using commodity instruments. Contact Frank at 312-690-7763.
My post dated August 29th, 2023 did indicate that major support for platinum futures is $9.00/$9.10.
(Platinum futures were trading $9.90 August 29th)
Today Platinum futures are trading $906.70 where Long-Term accumulation should be taken into consideration.
The correction is due to –
- The U.S. Dollar rally. A new high was punched out today at $104.77 basis December.
- Anticipated interest rate hike later this month.
- Looming UAW strike.
Again, Platinum futures are in fact within my lower 25% parameter and the Long-Term trend is up.
While the short-term fundamentals are bearish, please refer to my August 29th post that will give you the Long-Term bullish scenario.
Please call me personally, 312-690-7763, for more information regarding my Long-Term Strategies.
Remember – It’s all about being Patient, Committed and Disciplined when one decides to make an investment of this nature.
In the meantime –
Have a great year trading –
FrankQuestions? Ask Frank Petricca today at 312-690-7763.