Platinum weekly special report based on 1.00 Lot Calculation:
TECHNICAL ANALYSIS:
- PLATINUM PRICES HAVE TESTED THE MARK OF $900 (NEAR OR BELOW) 16 TIMES SINCE APRIL 2020. This is the 17th time that PLATINUM prices are testing levels near or below the mark of $900. However, there is also a risk of further decline if market conditions change.
- PLATINUM HAS TESTED THIS WEEK ITS LOWEST PRICE SINCE MARCH 2024: $876.
GRAPH (Weekly): April 2020 – April 2025
Please note that past performance does not guarantee future results
- 2020- 2025 STATISTICS: PLATINUM TENDS TO REBOUND BY AROUND 23% AFTER TESTING THE MARK OF $900 OR NEAR IT. However, there is also a risk of further decline if market conditions change.
DATA SOURCE: Fortrade MetaTrader 4
Please note that past performance does not guarantee future results
PATINUM USE AND MARKET SHARE:
- PLATINUM has been a key element in autocatalysts for over forty years, with the automotive sector being its largest consumer, accounting for about 40% of annual demand.
- MARKET SHARE (PRODUCERS): BIGGEST PLATINUM PRODUCERS IN THE WORLD: South Africa is the largest producer holding 72.8% of the global market share while Russia is the second with 8-10% of the market. Zimbabwe is third with 5%.
- MARKET SHARE (CONSUMERS): China is the world's largest platinum consumer with 34%, while Europe holds 22% and North America's 16% share of the platinum consumed worldwide.
EVENTS (CHINA):
- WEDNESDAY, APRIL 16 AT 03:00 GMT+1: CHINA GROSS DOMESTIC PRODUCT (GDP) (Q1). (PREVIOUS: +5.4%). Economists expect a 5.2% increase. Stronger-than-expected gross domestic product (GDP) data could indicate rising economic activity in China, the world's largest consumer of platinum, potentially supporting higher platinum prices.
EVENTS (USA):
- THURSDAY, APRIL 16, AT 18:15 GMT+1: FED CHAIR JAROME POWELL SPEECH. Fed Chair Jerome Powell will deliver a speech on the U.S. economic outlook at the Economic Club of Chicago.
Platinum, April 14, 2025
Current Price: 958.50
|
PLATINUM |
Weekly |
|
Trend direction |
|
|
1,150.00 |
|
|
1,050.00 |
|
|
1,000.00 |
|
|
920.00 |
|
|
910.00 |
|
|
900.00 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
PLATINUM |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
19,150 |
9,150 |
4,150 |
-3,850 |
-4,850 |
-5,850 |
|
Profit or loss in €² |
16,822 |
8,038 |
3,646 |
-3,382 |
-4,260 |
-5,139 |
|
Profit or loss in £² |
14,534 |
6,944 |
3,150 |
-2,922 |
-3,681 |
-4,440 |
|
Profit or loss in C$² |
26,540 |
12,681 |
5,752 |
-5,336 |
-6,722 |
-8,108 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 11:30 (GMT+1) 14/04/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than the suggested one.
- Trailing stop techniques could protect the profit.