Platinum: Few pockets of risk on the radar – TDS

FXStreetOct 17, 2024 1:09 PM

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Platinum prices have been tradintg 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.”

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