Average Weekly trading range in 2022 as of after week 42: USD 69.

This is an updated weekly chart of the nearest futures contracts of Platinum prices in USD from post every Friday. It is created from a modified formula of week's open high low and close to identify a clear picture of the ongoing trend. Now, scroll down to the Monthly chart to see the even longer perspective.

After week 42, for the medim term Platinum is the strongest precious metal, creating a higher high and higher low. This is a positive for potentially stronger prices to come. According to the chart above, falling below USD 875 would weakne the outlook.  

After week 40, Platinummarkets are attempting to move higher on a weekly basis after weeks of choppyness. A higher high and a higher low is established in the weekly chart. Trading below USD 853 could fail the strengthening scenario.

After week 34, Platinum is trending lower represented through the above latest weekly lower low and lower high.

After week 33, there is a lower high and a lower low on a weekly scale showing weakness. Potentially renewed strength comes in above last week high-bar at USD 917.

After week 32, another stronger week for Platinum prices. This is the third week of a higher high and higher low. There is strength rather than weakness to the ongoing price developments.

After week 28, the downtrend continues. Red lower lows and lower highs. Only trading above USD 894 could potentially change this course from down to up.

After week 24, Platinum prices are lower again after have stronger developments in week 21, 22, and 23. There is now a lower low with a lower high and prices are quite close to the USD 900 support. The USD 890-level was twice last year's low.

After week 20, there is a lower high on the weekly scale. The ongoing sideways trading pattern could end if prices are breaking below USD 900 or above 961.

After week 18, there is a marginally higher high and a higher low on a weekly scale, even though the bar is RED. The pattern is indicating potentally strength to come, rather than weakness but could turn up to only be a pause in the current prolonged downturn. 

After week 16, an outside Red bar is showing on the weekly scale. This is indicating weakness rather than strength.

After week 14, A new lower low and lower high on a weekly scale. Weakness over the last 4 weeks. Until exceeding USD 1.019 there is weakness to Platinum prices.

After week 12, Platinum is making a Red inside bar. It looks to be more weakness than strength to the weekly scale. Be reminded of the strong seasonality that started mid this week. 

After week 11, there is a clear lower low and a lower high on the weekly scale. This is in line with the weak seasonality lasting a few more days.

After week 10, Platinum continues the Blue bars. A weekly higher high a higher low signals further strength until trading below USD 1.060.

After week 09, Platinum weekly high and low are at the very same levels as last week. Even though, the latest Blue bar is indicating strength rather than weakness on a weekly scale.

After week 08, Platinum prices are lower but the chart is stronger on a weekly scale. The latest Blue bar is indicating strength rather than weakness. (Seasonality do favour weakess over the next phase).  Week high 1.132, week low 1.036.

After week 07, markets see a higher high on a weekly scale. The low point is AS IS last week. The clear Blue bar is indicating higher prices to come. Trades below USD 1.000 will question the upturn i the longer time frame.

After week 06, Platinum is sideways  ( - 0.5 % ), and holding up the Blue bars. The metal did not go hand in hand with Gold and Silver this week. The question is if its lagging and that a solid break from the "last 4 weeks range" could be cleared sooon. Low was USD 1 above this week, and there is a higher high.

After week 05, Platinum shows an inside blue bar on a weekly scale. A very short consolidation pre an upcoming breakout. 'Uptrend' to excced 1.049, and 'downtrend' to exceed 1.003.

After week 04, there is a higher high and a higher low on the weekly scale. The uptrend is intact and following seasonality.

After week 03, Platinum is making a higher low and a higher high on a weekly scale indicating higher prices to come. This is also in line with the current seasonality pattern.

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