Platinum (XPTUSD) Down $25.56 in Last 4 Hours, And A Link About Trevor Raymond; in an Uptrend Over Past 14 Days

Platinum Daily Price Recap

The choppiness in the recent daily price action of Platinum continues; to start today, it came in at a price of 1022.5 US dollars, up 0.12% ($1.24) since yesterday. Relative to other instruments in the metals asset class, Platinum ranked 3rd since yesterday in terms of percentage price change. The daily price chart of Platinum below illustrates.

XPTUSD

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 up. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Platinum’s price has gone up 8 of the previous 10 trading days. As for those who trade off of candlesticks, we should note that we’re seeing doji and pin bar patterns appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Platinum:

  • From platinumquote:

    Hong Kong #Platinum #Price Morning Session Close: $1032.6 USD per oz 2020-12-09 12:30:18 HKT

  • From RetiefJean:

    @sjp32wiz7 @Northst18363337 Platinum price I guess?

In terms of news links for Platinum here’s one to try:

Platinum price was ‘suppressed’ in 2020 by futures markets – World Platinum Investment Council | Kitco News

Kitco News Share this article: The platinum market has been in a deficit, and this is expected to continue into 2021, said Trevor Raymond, director of research at the World Platinum Investment Council….However, the price has been suppressed by positions on the futures exchange in 2020, Raymond said.