PLATINUM Weekly Special Report based on 1 Lot Calculation:
GEOPOLITICS: ESCALATION CONTINUES IN THE MIDDLE EAST-NO END IN SIGHT
- BREAKING (FEBRUARY 28): CONFLICT ERUPTS IN THE MIDDLE EAST: Hostilities between the United States and Iran reportedly commenced on Saturday, February 2, beginning with U.S. airstrikes on Iranian targets. Iran’s Supreme Leader, Ali Khamenei, was killed in the strikes.
- IRAN LAUNCHES RETALIATORY STRIKES: In response, Iranian forces fired missiles targeting U.S. military bases and embassies across the region. Reports claim impacts were recorded in multiple neighboring countries, including the United Arab Emirates, Bahrain, Qatar, Kuwait, Saudi Arabia, Jordan, and Iraq.
PLATINUM USE AND MARKET SHARE:
- PLATINUM has been a key element in auto catalysts for over forty years, especially for diesel engines, and is increasingly vital in hydrogen fuel cells. The automotive sector is its largest consumer, accounting for about 40% of annual demand.
- MARKET SHARE (CONSUMERS): China is the world's largest platinum consumer, with 34%, while Europe holds 22%, and North America holds 16% of the platinum consumed worldwide.
PLATINUM MARKET: TIGHT SUPPLY AND STRUCTURAL DEMAND UNDERPIN 2026 OUTLOOK
- MARKET DEFICIT: PHYSICAL INVENTORY LEVELS BECAME EXTREMELY LOW GLOBALLY. By late December 2025, platinum inventories were reported to cover only about five months of global consumption, a historically tight level that puts upward pressure on pricing when buyers compete for metal. This depletion of inventory is explicitly cited as a key driver supporting rising platinum prices because it means there is very little buffer metal available for buyers. (Source: CME Group)
- INDUSTRIAL DEMAND: AUTOCATALYST SUBSTITUTION AND INDUSTRIAL USE SUPPORT VOLUMES. Platinum demand remains resilient, supported by ongoing substitution from palladium in automotive catalysts and sustained industrial consumption across chemicals, refining, and heavy industry, underpinning structural demand into 2026.
EVENTS:
- FRIDAY, MARCH 6 AT 13:30 GMT: US NON-FARM PAYROLLS AND UNEMPLOYMENT RATE (FEBRUARY). The number of newly employed workers was 130,000 last month, while the U.S. unemployment rate officially stands at 4.3%.
- MONDAY, MARCH 9 AT 01:30 GMT: CHINA INFLATION DATA (CPI) (FEBRUARY). A stronger CPI reading would point to improving domestic demand in China, supporting vehicle sales and manufacturing activity, both key drivers of platinum consumption.
- WEDNESDAY, MARCH 11, AT 12:30 GMT: U.S. CONSUMER PRICE INDEX (CPI) (FEBRUARY). A softer-than-expected CPI could increase rate-cut expectations and support industrial metals demand, potentially boosting platinum prices. The headline CPI in the USA is currently at 2.4%, down from the recent 2.7%.
TECHNICAL ANALYSIS:
- WEEKLY MOVING AVERAGES CONFIRM STRONG UPTREND: Price continues to trade above all three moving average confirming mid-term uptrend.
- STRONG SUPPORT HOLDS AT 2050: Platinum repeatedly tested the 2050 level seven times since December 2025, consistently rebounding from this key support zone and going higher each time.
- UPTREND STRUCTURE REMAINS IN PLACE: Price action is firmly supported by the upward-sloping trend line (black), which has acted as a reliable dynamic support since May 2025.
- PRICE ACTION: Platinum price hit an all-time high of $2,920 (January 26, 2026). Platinum currently trades at around $2,159, and if a full recovery takes place, then platinum prices could see an upside of around 35%. However, it could also decline.
GRAPH (Weekly): May 2022 - March 2026
Please note that past performance does not guarantee future results
Platinum, March 4, 2026
Current Price: 2,159
|
PLATINUM |
Weekly |
|
Trend direction |
|
|
2,920 |
|
|
2,650 |
|
|
2,400 |
|
|
1,950 |
|
|
1,900 |
|
|
1,850 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
PLATINUM |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
76,100 |
49,100 |
24,100 |
-20,900 |
-25,900 |
-30,900 |
|
Profit or loss in €² |
65,524 |
42,277 |
20,751 |
-17,996 |
-22,301 |
-26,606 |
|
Profit or loss in £² |
56,948 |
36,743 |
18,035 |
-15,640 |
-19,382 |
-23,123 |
|
Profit or loss in C$² |
104,036 |
67,125 |
32,947 |
-28,572 |
-35,408 |
-42,243 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 9:30 (GMT) 04/03/2026
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than the suggested one.
- Trailing stop techniques could protect the profit.