CME Platinum down $1.6 reaching $1,065.4, for its 4th straight negative day

Platinum is down to $1,065.4 per troy ounce, after ending Friday at $1,067. Overall, a 0.15% loss or $1.6 today.

Platinum's lower Bollinger Band® is at $1,038.26, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Overall, looking at the technical analysis landscape, it seems Platinum —which is currently on a downtrend— might reverse course and start pointing upward in the short term.

Taking a look at other Metals commodities, negative performances are evident as Copper is down 1.4 cents from the beginning of the session and now trades around $3.71.

Moreover, United States Retail Sales is projected to outperform its last figure with 0.7%. It previously stood at -0.6%; data will be released tomorrow at 12:30 UTC. United States Core Retail Sales is projected to outperform its last figure with 0.4%. It previously stood at -0.4%; data will be released tomorrow at 12:30 UTC.

Over the past 24 days, the Platinum future has retreated 6.53% from a noteworthy peak of $1,141.5.