Saturday 27 February 2016

Platinum

My first bearish signal for platinum was on 13 February 2016.Now I got a new bearish signal for this commodity based on the total number of new short contracts opened(4,062) vs total number of old long contracts closed(1,018) in the last 2 weeks.This means new short contracts opened outnumbered old long contracts closed by almost 4 to 1.Therefore shorts more and more in control of this commodity and its price should keep falling in the next days/weeks.Check my trackrecord2016 file and my strategy to identify trends and price swings in securities on my free website:http://futuresandoptions.wix.com/cotswingcharts and
http://cotreportfreeswingcharts.my-free.website/

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