MRCI's Futures Highlight - Platinum(NYMEX)

MRCI's Futures Highlight - Platinum(NYMEX)

MRCI hopes this profile of the NYMEX Platinum futures contract, with its statistics and feature studies, will help you derive wise trading decisions from its presentation of long-term perspective, computer analysis, and historical background. This additional history is designed to complement the body of knowledge contained in any seasonal patterns and strategies published. The weekly and monthly charts on this page depict prices for nearby contracts, which most closely reflect the underlying cash market.

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved
Some data provided by Commodity Research Bureau

The table below offers a statistical analysis of historical daily trading in the NYMEX Platinum futures. The average range for each day of the week in each year and overall has been computed for purposes of comparison and further insight into the dynamics of this market.

MRCI's Nearby Futures Range Detail for Platinum(NYMEX) from 1/1976 - 3/2024
Calendar Year	Monday Avg Rng	Tuesday Avg Rng	Wednesday Avg Rng	Thursday Avg Rng	Friday Avg Rng	Yearly Avg Rng
1976	3.0($151)	3.0($151)	2.6($132)	2.6($132)	2.5($125)	2.8($138)
1977	2.4($119)	1.9($96)	1.9($97)	1.9($96)	2.0($98)	2.0($101)
1978	7.0($351)	6.6($330)	6.4($318)	6.2($310)	6.4($318)	6.5($325)
1979	11.6($582)	12.6($628)	12.1($607)	11.8($588)	11.9($593)	12.0($600)
1980	27.2($1360)	24.1($1205)	26.7($1333)	25.9($1295)	23.8($1192)	25.5($1277)
1981	16.1($806)	12.7($634)	13.1($654)	14.0($699)	12.8($641)	13.7($686)
1982	13.2($661)	12.7($635)	13.8($690)	12.6($629)	13.3($667)	13.1($656)
1983	13.2($661)	10.3($517)	11.4($569)	11.0($551)	9.5($475)	11.1($553)
1984	6.5($326)	5.8($291)	5.7($285)	6.3($315)	7.0($350)	6.3($313)
1985	8.6($429)	8.0($399)	7.1($355)	6.8($341)	6.8($342)	7.5($373)
1986	14.9($747)	13.2($661)	13.6($678)	13.5($677)	12.7($634)	13.6($679)
1987	14.7($733)	13.9($694)	13.5($676)	14.2($708)	13.7($686)	14.0($699)
1988	13.3($666)	13.0($650)	13.2($658)	11.6($578)	12.2($611)	12.6($632)
1989	8.3($416)	8.7($436)	9.4($472)	9.2($460)	10.9($547)	9.3($467)
1990	8.3($414)	8.9($443)	8.0($399)	7.0($352)	7.8($389)	8.0($399)
1991	4.6($230)	5.2($260)	5.2($259)	6.6($328)	5.9($296)	5.5($275)
1992	4.3($213)	4.8($242)	4.7($235)	4.9($245)	4.9($243)	4.7($235)
1993	5.6($282)	5.6($282)	5.5($275)	6.2($308)	5.2($258)	5.6($281)
1994	5.4($270)	4.9($245)	5.2($258)	5.6($278)	5.4($269)	5.3($264)
1995	4.3($217)	4.9($247)	4.9($243)	5.9($297)	5.3($263)	5.1($254)
1996	3.1($155)	3.3($166)	3.3($164)	3.1($157)	3.6($182)	3.3($165)
1997	6.6($332)	7.4($368)	7.2($358)	7.1($356)	7.4($372)	7.1($357)
1998	6.3($313)	6.8($341)	7.8($392)	7.3($363)	6.6($332)	7.0($349)
1999	5.3($263)	6.6($331)	6.2($310)	5.8($292)	5.8($292)	6.0($299)
2000	11.3($563)	11.8($592)	12.1($605)	12.7($633)	12.0($599)	12.0($599)
2001	10.2($509)	9.4($468)	8.6($430)	9.8($488)	9.8($491)	9.5($477)
2002	7.9($395)	8.0($398)	9.2($459)	8.7($435)	8.0($400)	8.4($418)
2003	11.5($575)	11.0($551)	11.2($560)	11.4($568)	10.3($517)	11.1($554)
2004	15.6($778)	14.5($727)	16.2($809)	16.3($817)	14.3($714)	15.4($770)
2005	11.1($555)	12.3($613)	11.1($557)	11.4($570)	9.9($497)	11.2($559)
2006	25.5($1276)	25.4($1270)	24.0($1202)	24.8($1240)	25.3($1264)	25.0($1250)
2007	20.3($1015)	20.3($1013)	20.7($1037)	19.4($971)	22.0($1102)	20.6($1028)
2008	60.6($3031)	63.8($3192)	56.3($2816)	63.7($3186)	62.7($3133)	61.4($3070)
2009	34.2($1711)	32.9($1647)	28.9($1447)	30.3($1513)	29.9($1495)	31.2($1561)
2010	29.4($1469)	34.2($1712)	32.6($1630)	34.2($1711)	31.7($1586)	32.5($1624)
2011	35.6($1779)	33.8($1690)	35.7($1787)	38.0($1900)	32.6($1628)	35.1($1756)
2012	26.2($1309)	32.2($1610)	29.1($1455)	29.7($1486)	29.5($1476)	29.4($1469)
2013	28.2($1409)	28.0($1400)	28.8($1439)	31.0($1551)	28.4($1420)	28.9($1444)
2014	20.8($1038)	21.3($1066)	19.3($965)	22.4($1120)	20.5($1024)	20.8($1042)
2015	24.0($1201)	21.0($1050)	20.0($1000)	21.0($1049)	21.2($1062)	21.4($1070)
2016	21.7($1084)	21.9($1097)	22.4($1118)	23.2($1160)	25.2($1261)	22.9($1145)
2017	16.4($821)	16.4($822)	16.2($811)	15.9($795)	16.1($807)	16.2($811)
2018	15.8($789)	16.3($814)	15.6($780)	16.9($845)	14.9($744)	15.9($795)
2019	17.6($881)	16.5($823)	18.1($907)	17.9($896)	18.9($945)	17.8($891)
2020	39.9($1993)	36.5($1824)	33.7($1686)	35.1($1754)	32.3($1617)	35.5($1773)
2021	34.4($1719)	35.8($1792)	33.4($1669)	33.4($1670)	36.0($1801)	34.6($1730)
2022	32.6($1630)	31.5($1575)	31.9($1593)	33.2($1658)	30.0($1498)	31.8($1590)
2023	26.1($1307)	25.5($1274)	25.5($1277)	25.7($1285)	26.0($1300)	25.8($1288)
2024	21.8($1089)	21.4($1068)	23.3($1167)	20.7($1037)	25.6($1278)	22.5($1127)

What other characteristics do NYMEX Platinum futures exhibit for various days of the week? We ran various studies for the last 180 calendar days of trading prior to trading prior to expiration for each contract.

MRCI's Nearby Futures Summary for Platinum(NYMEX) from 1/1976 - 3/2024
Summary Item	Monday Summary	Tuesday Summary	Wednesday Summary	Thursday Summary	Friday Summary	Yearly Summary
Range	16.5($824)	16.4($820)	16.1($805)	16.6($828)	16.2($809)	16.3($817)
Closed Up	1169(51%)	1296(52%)	1278(51%)	1233(50%)	1212(51%)	6188(51%)
Closed Dn	1094(48%)	1176(47%)	1194(48%)	1193(49%)	1162(48%)	5819(48%)
Closed Uchg	19(1%)	17(1%)	24(1%)	20(1%)	25(1%)	105(1%)
Gapped up	291(13%)	275(11%)	293(12%)	250(10%)	266(11%)	1375(11%)
Un-filled Gaps Up	120(41%)	112(41%)	99(34%)	94(38%)	92(35%)	517(38%)
Gapped Down	299(13%)	290(12%)	267(11%)	288(12%)	241(10%)	1385(11%)
Un-filled Gaps Down	130(43%)	109(38%)	94(35%)	109(38%)	73(30%)	515(37%)

Daily Percent Change Summary for Platinum(NYMEX)
UNCH	>0%- <1%	+1%- <2%	+2%- <3%	+3%- <4%	+4%- <5%	+5%- <6%	+6%- <7%	+7%- <8%	+8%- <9%	+9%- <10%	+10%- <20%	>+20%
105	3540	1630	648	206	102	32	14	9	2	4	1	0
	<0%- >-1%	-1%- >-2%	-2%- >-3%	-3%- >-4%	-4%- >-5%	-5%- >-6%	-6%- >-7%	-7%- >-8%	-8%- >-9%	-9%- >-10%	-10%- >-20%	<-20%
	3305	1490	580	252	104	51	22	8	2	3	2	0

The table below represents yearly low, high, last yield in the cash market for the NYMEX Platinum futures contracts. Quotes are from daily cash market price activity.

Platinum: Free Mrkt - Oct 31, 2022
	Period Low(Jan-Dec)		Period High(Jan-Dec)		Last Day		Average
Year	Date	Price	Date	Price	Date	Price	Price
2021	12/15/2021	896.0	02/16/2021	1333.3	12/31/2021	966.1	1087.9
2020	03/19/2020	585.2	12/31/2020	1082.3	12/31/2020	1070.0	884.0
2019	02/14/2019	776.5	09/05/2019	992.7	12/31/2019	962.6	863.2
2018	08/16/2018	755.0	01/24/2018	1013.9	12/31/2018	793.9	876.7
2017	12/12/2017	871.9	02/24/2017	1026.4	12/29/2017	926.9	946.9
2016	01/21/2016	809.3	08/10/2016	1189.6	12/30/2016	900.3	986.7
2015	11/30/2015 12/02/2015	828.9	01/20/2015	1284.0	12/31/2015	887.9	1049.2
2014	11/14/2014	1175.0	07/11/2014	1510.0	12/31/2014	1205.0	1379.1
2013	06/26/2013	1300.0	02/06/2013	1731.0	12/31/2013	1369.0	1481.4
2012	07/24/2012	1380.0	02/22/2012	1720.0	12/31/2012	1536.0	1548.0
2011	12/29/2011	1368.0	08/22/2011 08/23/2011	1892.0	12/30/2011	1395.0	1721.2
2010	02/08/2010	1482.0	11/09/2010	1790.0	12/31/2010	1754.0	1616.8
2009	01/12/2009	916.0	12/02/2009	1510.0	12/31/2009	1475.0	1211.2
2008	10/27/2008	760.0	03/04/2008	2275.0	12/31/2008	912.0	1573.2
2007	01/08/2007	1122.0	12/27/2007	1547.0	12/31/2007	1528.0	1309.1
2006	01/03/2006	982.0	11/21/2006	1360.0	12/29/2006	1120.0	1145.4
2005	01/04/2005	844.0	12/09/2005 12/12/2005	1004.0	12/30/2005	965.0	897.2
2004	05/10/2004	767.0	04/19/2004	936.0	12/31/2004	861.0	845.9
2003	01/03/2003 04/30/2003	603.0	12/17/2003	840.0	12/31/2003	813.0	692.1
2002	02/01/2002 02/05/2002	453.0	12/13/2002 12/16/2002 12/17/2002	602.0	12/31/2002	598.0	540.0
2001	11/07/2001	419.0	01/11/2001	637.0	12/31/2001	483.0	530.5
2000	04/19/2000	405.0	12/13/2000	625.0	12/29/2000	610.0	548.8
1999	01/28/1999	344.0	11/16/1999	457.0	12/30/1999	449.0	378.7
1998	10/30/1998	337.0	07/31/1998	480.0	12/31/1998	365.0	374.9
1997	12/16/1997	345.0	06/09/1997	498.0	12/31/1997	363.0	397.1
1996	12/16/1996 12/17/1996	368.0	02/05/1996	433.0	12/31/1996	371.0	398.0
1995	12/29/1995	400.0	05/04/1995	462.0	12/29/1995	400.0	425.2
1994	01/24/1994	380.0	07/27/1994	428.0	12/30/1994	417.0	406.3
1993	03/02/1993	339.0	08/03/1993	420.0	12/30/1993	396.0	374.9
1992	01/06/1992	331.0	07/14/1992	393.0	12/31/1992	355.0	360.9
1991	12/30/1991	331.0	01/14/1991	424.0	12/31/1991	336.0	376.8
1990	10/17/1990	398.0	02/21/1990	532.5	12/31/1990	416.5	471.8
1989	08/31/1989	443.0	04/17/1989	558.0	12/29/1989	494.0	510.1
1988	02/03/1988	442.5	06/06/1988	618.0	12/30/1988	522.0	532.0
1987	11/05/1987	463.0	08/12/1987	633.5	12/31/1987	500.5	558.2

The table below represents Scenario Analysis for the April Platinum(NYMEX) futures contracts.

Scenario^SM Study for April Platinum(NYMEX) as of Oct 31, 2022
Condition 1: Higher Monthly Close. Action ---> Buy that month's close with objective of exceeding month's high within 2 months.
Tested Month	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Jan	Feb	Mar
Tested Years		36	36	36	38	42	43	45	45	45	45	45
Closed Higher		17	11	19	19	17	23	24	21	30	28	17
Exceeded High		12	11	14	12	16	18	20	21	27	20	14
Scenario Percentage		71%	100%	74%	63%	94%	78%	83%	100%	90%	71%	82%
Avg Max Increase		5.70%	10.28%	10.15%	12.84%	8.89%	8.44%	14.56%	16.17%	9.87%	9.20%	7.75%
Max Increase		14.45%	44.15%	45.59%	42.20%	34.53%	14.05%	78.46%	45.18%	32.89%	22.55%	14.83%
Avg Days To Max Increase		16	16	13	11	15	18	19	17	15	15	16
Avg Max Decline		-2.71%	-1.93%	-1.76%	-0.45%	-1.23%	-2.08%	-3.66%	-3.08%	-2.31%	-2.42%	-1.48%
Max Decline		-7.97%	-7.77%	-6.49%	-2.57%	-3.81%	-9.88%	-11.07%	-9.16%	-8.76%	-9.84%	-6.36%
Avg Days to Max Decline		7	8	8	3	4	6	13	12	5	5	3
2023 Contract Condition		Yes				Yes	Yes
Action		Yes				Yes	Not Yet

Copyright © 1989- Moore Research Center, Inc. All Rights Reserved.

Condition 2: Lower Monthly Close.
Action ---> Sell that month's close with objective of penetrating month's low within 2 months.

Tested Month

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Tested Years

Closed Lower

Penetrated Low

Scenario Percentage

79%

64%

82%

58%

76%

75%

71%

50%

64%

71%

50%

Avg Max Decline

8.19%

7.35%

8.10%

10.36%

8.70%

7.03%

9.50%

9.08%

11.62%

9.23%

3.99%

Max Decline

19.41%

14.87%

14.91%

20.32%

26.64%

17.72%

32.80%

25.33%

41.57%

35.01%

10.16%

Avg Days To Max Decline

Avg Max Increase

-2.33%

-1.45%

-3.01%

-2.38%

-3.76%

-2.67%

-2.46%

-1.93%

-3.19%

-1.57%

-0.90%

Max Increase

-6.06%

-6.25%

-12.61%

-9.49%

-12.67%

-5.52%

-7.84%

-6.68%

-11.78%

-8.00%

-2.39%

Avg Days to Max Increase

2023 Contract Condition

Yes

Action

Yes

High

1030.7

993.7

1040.0

894.9

963.8

935.6

971.4

Low

916.0

931.0

892.0

814.0

833.9

807.4

860.9

Close/Last

948.7

975.5

903.4

894.9

833.9

860.9

927.5

Moore Research Center, Inc.

Login

Main Menu

MRCI Online

Free Links

Newsflash