After closing at $913.6 yesterday, Platinum began today at $915 with significant bullish sentiment driving Platinum's price action higher. So far today, price action has drawn out a distinct $911.5 to $925.1 range.
Meanwhile, United States NY Empire State Manufacturing Index (Oct) came out at -9.1, while a consensus of analysts was expecting -4.
The Platinum future's notable support and resistance levels: Platinum broke through the $917.7 resistance and climbed 10 cents above it.
Though Platinum is going up, other Metals are underperforming — Copper is down 3.25 cents from the beginning of the session and now trades around $3.38. Gold goes down 0.38% to trade around $1,657.7. Silver is down to $18.65, losing 6.9 cents, after closing at $18.72 in the preceding trading session.
Also worthy of note, tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.55 million from the preceding figure of 9.88 million.
Elsewhere, United States Building Permits (Sep) is expected tomorrow at 12:30 UTC.
Having set a significant low of $805.5 a month ago, CME Platinum is trading 13.42% higher.