Platinum Daily Price Recap
Platinum is down 1.58% ($14.17) since the previous day, marking a reversal from the day prior — and the end of a 4 day positive run. Those trading within the metals asset class should know that Platinum was the worst performer in the class today. The daily price chart of Platinum below illustrates.
Platinum Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For another vantage point, consider that Platinum’s price has gone up 15 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Platinum: