Monday, October 12, 2009

Platinum long update



Platinum is doing what we expected but has some difficulty getting over 1,345$.

We can see that::
  • MACD made a cross over
  • RSI is not overbought 
  • the current price is above the moving averages of 10, 50 and 200 days.

The current price is 1337$ so a profit of 2.92% without, or 26.32% with the leverage of 9.

You can always take your profit, especially when you took a product with leverage like a Turbo, or Sprinter or CFD.

What I read is that these products are not offered for citizens of the United States or United Kingdom. So if you want to have some kind of leverage you have to look for another product like a CFD (Contract for difference) maybe. These have leverage and you can also trade Oil, Gold, Silver, Palladium, Copper and so on.

Chart courtesy of: Market club tools for the trader


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