Platinum (XPTUSD) Up $4.26 Over Past 4 Hours, Fares the Worst Out of metals; Entered Today Down 0.21%
On a relative basis, platinum was the worst performer out of all 5 of the assets in the metals asset class today.
Platinum
(Last Updated March 16, 2021)
Hello! This is the news page for Platinum. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On Platinum, we don’t see a clear trend until the 90 day basis, where we see a clear uptrend.
XPTUSD Moving Averages
The moving averages on XPTUSD summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, implying a upward trend, save for a decline that occurred about 3 weeks ago.
The chart below illustrates.
The View From the Weekly Timeframe
Currently, XPTUSD’s price is up $7.8 (0.65%) from the week prior. Moreover, note that the weekly chart shows that XPTUSD has seen 2 straight up weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. XPTUSD’s weekly price action over the past 52 weeks can be seen via the chart below.
Platinum (XPTUSD) Up $1.07 On 4 Hour Chart, Tops All metals; 2 Day Down Streak Snapped
Platinum outperformed all 5 assets in the metals asset class since yesterday.
Platinum (XPTUSD) Down $0.05 Over Past 4 Hours, Entered Today Down 0.15%; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that platinum’s price has gone up 19 of the previous 30 trading days.
Platinum (XPTUSD) Up $3.96 On 4 Hour Chart, Fares the Worst Out of metals; But Still in an Uptrend Over Past 30 Days
Those trading within the metals asset class should know that platinum was the worst performer in the class today.
Platinum (XPTUSD) Up $5.16 in Last 4 Hours, Started Today Up 2.57%; in an Uptrend Over Past 14 Days
Out of the 5 instruments in the metals asset class, platinum ended up ranking 2nd for the day in terms of price change relative to the previous day.
Platinum (XPTUSD) Down $0.76 On 4 Hour Chart, Entered Today Down 2.13%; in an Uptrend Over Past 14 Days
Relative to other instruments in the metals asset class, platinum ranked 4th since the previous day in terms of percentage price change.
Platinum (XPTUSD) Down $25.56 in Last 4 Hours, And A Link About Trevor Raymond; in an Uptrend Over Past 14 Days
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.
Platinum (XPTUSD) Down $0.34 On 4 Hour Chart, And A Story About Trevor Raymond; Doji and Pin Bar Patterns Appearing on Chart
Relative to other instruments in the metals asset class, platinum ranked 3rd since yesterday in terms of percentage price change.
Platinum (XPTUSD) Down $0.54 in Last 4 Hours, And A Story About Trevor Raymond; Underperforms All metals
Those trading within the metals asset class should know that platinum was the worst performer in the class today.
Platinum (XPTUSD) Up $14.96 Over Past 4 Hours, Outperforms All metals; Started Today Up 1.47%
Platinum outperformed all 5 assets in the metals asset class since the last 4 hour candle.