Platinum (XPTUSD) Down $7.95 On 4 Hour Chart, Underperforms All metals; Entered Today Down 0.92%

Platinum Daily Price Recap

Platinum closed the day prior down 0.92% ($7.95); this denotes the 3rd straight day a decrease has occurred. 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.

XPTUSD

Platinum Technical Analysis

Notably, Platinum crossed below its 200 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 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Platinum’s price has gone up 7 of the previous 14 trading days.

Overheard on Twitter

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

  • From HannahF_24:

    So an o2 pre sale for @Kathbum yesterday goes through @TicketmasterUK, got us front row £28 each. Today’s Ticketmaster pre sale, £50 for stalls because they’ve decided to charge platinum price?!
    You’d definitely book elsewhere wouldn’t you if you had common sense 😂

  • From bighalders:

    @JamTarts I also challenged my platinum price versus what I am actually getting. I too have had nothing back from @JamTarts

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $855.3 USD per oz 2020-10-15 08:30:18 HKT