Get ready for a surge in Platinum prices as Commodity Trading Advisors (CTAs) are poised to start buying in the coming week, according to Senior Commodity Strategist Daniel Ghali. This move signals a shift in trend follower positioning, creating opportunities for investors to capitalize on the market’s volatility.
Limited Room for Speculator Outflows
Despite some expected selling activity from algorithms, Ghali suggests that there is little room for additional outflows from speculators. Discretionary traders have been seen covering their short positions, indicating a potential reversal in trend. This, combined with a possible selling exhaustion from CTA trend followers, could pave the way for local lows to form.
Analysis:
The current market conditions suggest that Platinum prices are set to rise, with CTAs gearing up for a buying spree. Investors should keep an eye on this trend and consider taking advantage of potential opportunities in the market. With signs of short covering and selling exhaustion, now may be a good time to consider investing in Platinum. Stay informed and make informed decisions to maximize your financial gains.