CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
March 28, 2024
Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
Platinum weekly special report based On 1.00 Lot Calculation:
PLATINUM USE AND MARKET SHARE:
NEWS AND EVENTS:
CHINA
USA
PRICE ACTION:
ANALYST OPINION (First half of 2024): Barclays expects a price of $1,025 in 2024. Commerzbank estimates $1,200, while JPMorgan forecasts $1050. Source: Bloomberg
PLATINUM, March 28, 2024
Current Price: 905.40
|
PLATINUM |
Weekly |
|
Trend direction |
|
|
1,200.000 |
|
|
1,050.000 |
|
|
945.000 |
|
|
867.000 |
|
|
853.000 |
|
|
845.000 |
Example of calculation based on weekly trend direction for 1 Lot1
|
PLATINUM |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
29,460.00 |
14,460.00 |
3,960.00 |
-3,840.00 |
-5,240.00 |
-6,040.00 |
|
Profit or loss in €² |
27,309.39 |
13,404.40 |
3,670.92 |
-3,559.68 |
-4,857.47 |
-5,599.07 |
|
Profit or loss in £² |
23,342.70 |
11,457.41 |
3,137.71 |
-3,042.63 |
-4,151.93 |
-4,785.81 |
|
Profit or loss in C$² |
40,051.02 |
19,658.44 |
5,383.64 |
-5,220.50 |
-7,123.81 |
-8,211.41 |
1. 1 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 10:20 (GMT) 28/3/2024
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.
· You may wish to consider closing your position in profit, even if it is lower than suggested one
· Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more details