Long Platinum XPT/USD for break out of downward channel

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Strong candle as of Friday's close. Took long position in anticipation of break higher. Net positioning is lean and elevated shorts should help Platinum in the near-term. A generally weaker USD after the recent rally will also be supportive of this move. The longer term range of 890/900 and 1000 is a reasonable strategy to trade.
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Beyond Technical AnalysisChart PatternsParallel Channelplatinumlong

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