Platinum (XPTUSD) Down $14.52 Over Past 4 Hours, Underperforms All metals; Moves Down For the 2nd Day In A Row

Platinum 4 Hour Price Update

Updated June 19, 2020 07:19 AM GMT (03:19 AM EST)

Platinum is down 1.77% ($14.52) since the previous 4 hours, marking the 2nd candle in a row a decline has happened. 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

Platinum is down 1.65% ($13.49) since the day prior, marking the 2nd day in a row a decline has happened. On a relative basis, Platinum was the worst performer out of all 5 of the assets in the metals asset class today. Below is a daily price chart of Platinum.

Platinum Technical Analysis

First things first: Platinum crossed below its 100 day moving average yesterday. 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 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Platinum’s price has gone down 15 of the previous 30 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Platinum:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Close: $809.1 USD per oz 2020-06-19 12:30:18 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $807.4 USD per oz 2020-06-19 08:30:18 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $825.3 USD per oz 2020-06-18 08:30:18 HKT