Platinum 4 Hour Price Update
Updated December 21, 2020 01:58 AM GMT (09:58 PM EST)
The choppiness in the recent four-hour candle price action of Platinum continues; to start the current 4 hour candle, it came in at a price of 1031.51257 US dollars, down 0.44% ($4.55) since the previous 4 hours. Those trading within the metals asset class should know that Platinum was the worst performer in the class the current 4 hour candle.
Platinum Daily Price Recap
The back and forth price flow continues for Platinum, which started today off at 1036.06531 US dollars, down 0.78% ($8.15) from yesterday. Relative to other instruments in the metals asset class, Platinum ranked 4th since yesterday in terms of percentage price change. Here is a daily price chart of Platinum.
Platinum Technical Analysis
Volatility for Platinum has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Platinum’s price has gone up 18 of the previous 30 trading days.