Platinum (XPTUSD) Makes Big Move Relative to Two Week Trend, Down 3.62%; Crosses 20 Day Moving Average

Platinum Daily Price Recap

Platinum is down 3.62% ($27.8981) since the previous day, marking the 3rd day in a row a decrease has occurred. Relative to other instruments in the metals asset class, Platinum ranked 4th since the previous day in terms of percentage price change. The daily price chart of Platinum below illustrates.

Platinum Technical Analysis

Notably, Platinum crossed below its 20 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. 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 7 them.

Overheard on Twitter

Behold! Here are the top tweets related to Platinum:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $777.5 USD per oz 2020-04-21 08:30:23 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Close: $775.8 USD per oz 2020-04-21 12:30:23 HKT

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Open: $751.9 USD per oz 2020-04-22 08:30:23 HKT