Platinum is sitting at a very key support level, just as the seasonal pattern looks promising. The two strongest months of the year for Platinum are in January and February. From January 30th through to February 18 there is an average return of 2.55% for Platinum and a 75% winning trade percentage.
Does this mean Platinum is in a great technical place for buying? Could we see further gains now?
Check out the video for more details!
The major trade risk here is if the US dollar keeps gaining. This weighs on all commodities, including Platinum. and could send the commodity lower despite it’s strong seasonal pattern.
Remember don’t just trade it, Seasonax it!