Acute pressures on the precious metals complex may finally push prices beyond the range where algo traders are likely to be whipsawed, TDS senior commodity strategist Daniel Ghali notes.
“Following a whipsaw in positioning, Commodity Trading Advisors (CTAs) are returning to the offer in Platinum with large-scale selling activity potentially hitting the tapes.
“Under the hood, prices have been hovering near a cluster of thresholds that could catalyze a change in trend signals, but the acute pressures on the precious metals complex may finally push prices beyond the range where algo traders are likely to be whipsawed.”