Eoin Treacy's view I decided to take the short-term profit in my platinum long this morning, selling at $1530.3 against my purchase of an October contract on August 3rd at $1401.1 including spread-bet dealing costs.

In following this strategy, I am very much aware that I missed the majority of oil's rally by selling my initial stake too early and failed to buy it back following the initial consolidation. It is looking increasingly likely that platinum will consolidate its impressive recent advance. Provided it holds the majority of the rally, I aim to reopen my long position, hopefully at a lower level.