Platinum (XPTUSD) 6 Day Up Streak Ended, Breaks Below 100 Day Average; in an Uptrend Over Past 14 Days

Platinum Daily Price Recap

The end of a 6 day positive run has come for Platinum, which finished the day prior down 2.1% ($17.85). Relative to other instruments in the metals asset class, Platinum ranked 3rd since the day prior in terms of percentage price change. Here is a daily price chart of Platinum.

Platinum Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Platinum crossed below its 100 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Platinum’s price has gone up 9 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Platinum:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $889.4 USD per oz 2020-05-20 08:30:23 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $921.2 USD per oz 2020-05-21 08:30:23 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Close: $906.4 USD per oz 2020-05-21 12:30:23 HKT