onedb1
24 Oct 2017
Rand weakening is helpful USD/ZAR been on an uptrend since mid October that is helpful , ( we want a weaker Rand - costs in Rand ) Platinum flat today so far . But Palladium resuming its uptrend and doing rather well today . Uptrend is a beauty for Palladium , ( about 20% of Lonmin's revenues so not to be dismissed) News yesterday about job cuts from Reuters ( I think the market uptrend of late is a sign these cuts are welcomed and cost base reducing ) I bet there is loads of slack in Lonmin's cost base. So good from a firm perspective - less so for those losing their jobs on a personal level its not a good thing for the workers. [link]
Nice to Michu
24 Oct 2017
Re: Heading to 200 SMA ? This s/p has ticked up gently against Platinum in the early 900's .. If Platinum could find a way to push back on up towards/to 1000 then that could help maintain ongoing s/p ticking up...strategic are initiatives in progress at LMI too.. and it seems to be operationally solid currently.. so a nice RNS on top in Nov./ Dec time could further underpin an ongoing rally.. here's hoping..
onedb1
23 Oct 2017
Heading to 200 SMA ? that is currently at 96.5p Chart is eloquent enough , slow and steady tracking upwards with no over heating I love it ! Hopefully some looked at the 'bottoming' post I made. Am back trading full time so hope to post most of my ideas around as I refresh all my charts .
onedb1
20 Oct 2017
am liking this trend Hey i posted about it bottoming , I am posting about the higher lows ... and now am posting about that 200sma at about 97p We are heading there IMO . RSI uptrend , sweet , paying attention as the next high needs to go higher than 66 on the scale. Volume needs to increase too and I suspect on the run up to the 13th of November all things being equal we should be close to 97p beating the previous recent spike to 92p . Just my view . (One of the few charts I have been looking closely due to study workload hopefully all done now . so back to charts and trading full time !) If am wrong keep track of staying protected with a fast moving SMA as the 50 vs 200 is too wide in my view for a stop position . Sub 50sma I would argue the share goes bearish again . But so for no chance. Trailing stop is my number choice of protection too, second ATR stop . IF anyone is remotely interested in trading and the above is meaningless am happy to help.
nomnom
16 Oct 2017
Re: Both Platinum report next month?
onedb1
16 Oct 2017
Re: Both Platinum Look back in the posts and in the 70s I did say this was bottoming out Higher lows all the time now . Bodes well IMO
nomnom
16 Oct 2017
Re: Both Platinum buyers are back. moving up nicely.
shugg1e
13 Oct 2017
Re: Both Platinum & palladium Not sure about 200p but should get to 120p no problem
onedb1
13 Oct 2017
Both Platinum & palladium Doing very well. Palladium in touching distance of $1000 , platinum catching up. First need Uptrend signal is in the chart in my view ( higher low) I love these commodities plays . Fxpo was such a beauty to be long , Kaz etc , am seeing signs of Lonmim doing the same .Be happy to see 200p again We put in a higher low now we need a higher high to kick off a good trend . Bet once this pushes north of 100p ( IF it does ) many will return to follow the technicals of anything .
nomnom
12 Oct 2017
Re: Futures up nicely this morning Glad I bought in on Tuesday. Looks like this is moving up nicely.
onedb1
12 Oct 2017
Re: Futures up nicely this morning I agree I mistook it for the handle of a cup. But it could well be a pennant.Plus the 2 metals are doing very well . It's all very good news today IMO Palladium flying towards $1000 and platinum most importantly pushing back up
shugg1e
11 Oct 2017
Re: Futures up nicely this morning I am now seeing a bullish pennant forming if it breaks to the upside we should quickly see 96p.[link]
onedb1
11 Oct 2017
Flying palladium today Am getting more and more tempted to be bullish here as both main metals are doing well. Platinum avoided a lower low and seems to want to resume uptrend , whilst palladium about 25% of our revenues is flying and I suspect a retest of recent highs is coming .LMI cup and handle is my suggested formation appearing and that is usually bullish Could well set itself up for a retest of 100p .
onedb1
11 Oct 2017
Re: Futures up nicely this morning Depends how you want to see it . The drop post the spike has found support and good commodity prices have as we have seen in the latest RNSs provided good cash builds . Obviously production and rand are factors too. Trend in the short term is showing higher lows and a mini cup and handle ? Am not in front of my proper screens , so will check later
shugg1e
10 Oct 2017
Re: Futures up nicely this morning hasn't made one jot of difference though
