🔽 Platinum drops over 3% 💿

1:48 PM 22 January 2021

📉 Platinum is the worst performing commodity during final trading day of the week

Risk-off moods can be spotted on the global markets on the final trading day of the week. Both equities and commodities are pulling back. Interestingly, declines can also be spotted on the precious metals market, where precious metals with industrial use are the worst performers. Silver is moving 2.5% lower while platinum drops around 3.5%. Platinum price has reached $1,150 area yesterday but bulls were unable to push the price higher. A long upper wick has been painted and recent price patterns hint that reversal may be underway. Key support zone to watch can be found near the $1,000 area, at 23.6% retracement.

Source: xStation5

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits