Platinum prices have been trading strong, but we now see the most extremely asymmetric set-up in algo flows across our global macro radar, TDS’ FFX analysts Daniel Ghali notes.
“The window for large-scale selling activity will be open at the start of next week, and a large downtape could see CTAs sell a massive -50% of their max size over the following sessions. Conversely, a commensurate uptape won’t lead to notable buying activity.”
“This set-up strongly favors continued downside over the coming week.”
