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Platinum: Expect substantial CTA selling activity over the coming week – TDS

Platinum markets hold the most extreme asymmetry in algo flows expected over the coming week, TDS’ macro analyst Daniel Ghali notes.

Window for large-scale selling activity might be opening

“The window for large-scale selling activity could be opening, with a big downtape potentially catalyzing a massive -50% swing in algo positioning, whereas a commensurate uptape would only spark marginal buying activity.”

“Even in a flat tape, we expect substantial CTA selling activity over the coming week, with algos set to sell up to -20% of their max size over this timeframe. This set-up strongly favors continued downside over the coming week.”

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FXStreet Insights Team

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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