Platinum is under a threat of a sell-off – TDS

Acute pressures on the precious metals complex may finally push prices beyond the range where algo traders are likely to be whipsawed, TDS senior commodity strategist Daniel Ghali notes.

Prices are set to go beyond the range

“Following a whipsaw in positioning, Commodity Trading Advisors (CTAs) are returning to the offer in Platinum with large-scale selling activity potentially hitting the tapes.

“Under the hood, prices have been hovering near a cluster of thresholds that could catalyze a change in trend signals, but the acute pressures on the precious metals complex may finally push prices beyond the range where algo traders are likely to be whipsawed.”