January platinum prices were unable to climb up towards a fresh new high for the move overnight, but prices have remained within close proximity to the prior session's highs. Volume and open interest has remained low during this week's rally, although some traders feel that might be the result of the East Coast super-storm. Like the rest of the metals markets, platinum may need to see a couple of positively received US economic numbers this morning to regain upside momentum, especially since US equities have started off under pressure and the Dollar is stronger.
 

View All Market Commentary

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

 

Copyright CME Group All rights reserved.