Crude Oil Vs Platinum: You Can Bet Right

It is amazing how often you anticipate not only the direction but also the peaks and troughs of the prices of various instruments. This is crowd-thinking or crowd-analysis, when winning ideas are crystallized into key bets.

This “market distortion” was spotted in July and was updated this September. Almost all of you were betting that Crude Oil and Platinum would meet again on the price charts. So, here it is in the chart below.

crude oil vs platinum

This is where the magic of your main bet is going on. As the price of oil remains stuck in a sideways consolidation, the price of platinum is increasingly moving towards “black gold”.

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In September, crude oil futures accomplished their mission as the initial meeting point was set at $75 and the valley was at $76. Hence, the consolidation that followed gave an opportunity for the metal to take hold.

The updated meeting point has been recalibrated to be set at $62 for crude oil futures and $1,160 for platinum futures. This could happen in an ideal situation. Historically, however, one of the instruments has often lagged behind.

Last time I updated you platinum futures chart and it was doing well as a bullish option.

Let me update the oil futures chart this time because it has changed a lot…

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