Platinum, Oil, and the Euro

July 21, 2018by

Here are a couple charts I have my eye on:

I went long Platinum around the close on Thursday and took half profits on it Friday. I am watching 890 as a place where price will eventually have to retest, even if it is not off this recent low.

Oil here is between these two zones at the moment. The demand zone below at 53 is decently strong, although when price gets there could be awhile. Not sure if I have the courage to short 74 on a retest.

The Euro had a nice up day on Friday in this chop. I like the idea of a rally to 1.2050 or 1.2330 above before ultimately going back to 1.10.

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