Platinum (XPTUSD) Up $11.01 in Last 4 Hours, Makes Big Move Relative to Two Week Trend; is Inching Close to 20 Day Average

Platinum Daily Price Recap

Platinum closed the day prior up 1.37% ($11.01); this denotes the 2nd day in a row it has gone up. Relative to other instruments in the metals asset class, Platinum ranked 3rd since the day prior in terms of percentage price change. The daily price chart of Platinum below illustrates.

Platinum Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Platinum for the past day were:

  • From keshav_dayma_:

    @Worldcrickchamp Wcc3 These games are just for rich people,because you turn them on a net. Play career mode You have kept his platinum price so that it will take more than 3months to achieve this.And if the man opens up with money, how much more are he charging?How will poor play

  • From MegsVisser:

    @Juandredup1 @EasyEquities I anticpate that the platinum price will increase and wanted to invest in a platinum miner/producer. Northam seems, in my opinion, to be the best of the bunch listed on the JSE.

  • From Tzarrahlapane:

    @paulkumz @aleoniea @BlackCulture_HM OPEC discusses oil prices but they are not one country so we can dictate the platinum price without removing the borders.