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Market Mood Platinum 23.11.20

Market Mood Platinum 23.11.20

Market Mood Platinum 23.11.20

in Weekly Forecasts

Listen to the latest market mood for the Platinum.

In 24 of the last 25 years platinum has gained in value from December 20 through to February 28, so it is potentially a great time to buy platinum. On top of this rising price, platinum is also projected to have a 2020 supply level of 6738 koz versus a demand level of 7940 koz. So, this means there is a supply shortage to meet demand.

Furthermore, projected supply levels according to the World Platinum Investment Council are expected to rise to 7865 koz. However, demand is again expected to exceed supply in 2021 with a level of 8089 koz.

Therefore, expect Platinum buyers on pullbacks and breakouts.

Trade Risks: The main risk to this trade is if there is a sharp risk-off tone which boosts the USD higher and causes Platinum to fall.


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Cookies Policy

Disclaimer: Any opinions made may be personal to the author and may not reflect the opinions of HYCM. All expressions of opinion are subject to change without notice. This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by an employee of HYCM, a third party or otherwise. Past performance is not an indication of possible future performance. Without the approval of HYCM, reproduction or redistribution of this information isn’t permitted.

Legal Information: HYCM is the trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Limited and Henyep Capital Markets (DIFC) Limited for which the Henyep Capital Markets group is holding company and its assets are a controlling equity interest in them.

* Cryptocurrencies are not available for trading under HYCM (Europe) Limited and Henyep Capital Markets (UK) Limited (retail clients only).

*Any opinions made in this material are personal to the author and do not reflect the opinions of HYCM. This material is considered a marketing communication and should not be construed as containing investment advice or an investment recommendation, or an offer of or solicitation for any transactions in financial instruments. Past performance is not a guarantee of or prediction of future performance. HYCM does not take into account your personal investment objectives or financial situation. HYCM makes no representation and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or other information supplied by an employee of HYCM, a third party or otherwise.

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