The platinum price is very close to the previous bottom at 874 (the first support line). The lowest price is about 811 (the second support line).
Buy July, platinum should be at 874. Take profit at 1048. Since each dollar move is worth $50, the profit is (1048 – 874) x $50 = $8700.
When the price drops down to the previous support prices of 2017, platinum will be a good investment for a 20% profit target. A three-to-one leverage should result in a 60% profit within six to eight months.
There is a lower support price at 811 (2016 low); therefore, there is a chance that platinum could have a drawdown from 874 to 811, or $3150 per contract. Make sure to keep enough reserves to cover the potential drawdown and margin of about $1900.
Chart based on unadjusted continues contracts and rollover is based on volume.