A slow down? After five days of going up, the Platinum future is flat today, hovering around $1,053.6.

Platinum trades at $1,053.6 per troy ounce, after ending Friday at $1,054.

Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Asset volatility analysis shows that the Platinum future's upper Bollinger Band® is at $1,076.23, suggesting that a downward move may follow.

Overall, while CME Platinum has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Building Permits (Mar) is expected tomorrow at 12:30 UTC.

The commodity has been trending positively for about a month. Platinum hit a significant low of $805.5 around 7 months ago, but has since recovered 30.85%.