Platinum Futures (NYMEX) — Long Setup: Demand Zone BelowPlatinum FuturesNYMEX_DL:PL1!ConfluenceEdge_The Setup Below the current price sits a clearly defined demand zone between 1,457 and 1,513. This zone has already been tested — once or twice depending on how you count touches — and held. That's the first point in its favor. What makes this zone particularly interesting is its location: it rests directly beneath a well-established support level. Zones sitting just under support tend to attract stronger buying interest because they catch limit orders and stops from traders who misjudged the breakdown. In other words, the fuel is already sitting there. Entry Strategy I favor entering closer to the lower edge of the zone — around 1,471 — rather than chasing anywhere near the upper boundary. The deeper the fill, the better the risk/reward math and the higher the probability of a clean reaction. Stop Loss Below 1,429. A break below the zone invalidates the thesis. No need to overcomplicate it. Targets Minimum target is 3R, which puts the first objective around 1,649. That gets price back above the consolidation range and into open air. The larger picture, however, is what makes this worth watching: Platinum is coming off a brutal multi-month drawdown from ~2,360 to current levels. A bounce from this zone isn't just a scalp — it could mark the start of the next sustained leg higher. If this zone is indeed the bottom, the trade transitions from a fixed-RR play into a runner. Seasonal Context August brings several short-duration bullish patterns for Platinum. Nothing that carries the trade on its own, but it adds a tailwind to an already constructive technical setup. The seasonal window is tight — these patterns don't stay active for long — but the timing lines up.