Wednesday, August 4, 2010

Trading Platinum from support

We recently took a short term trade in platinum going long as the commodity found support at $1531. Our profit target was $1610. As the dollar was expected to go weaker commodities generally go higher.

We held the short term trade in platinum until $1600 with a profit of $70 we were happy to close the long position.

For a bigger view of the above chart click on it.

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