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Platinum Futures Bearish Momentum With A 7% Drop In The Last 21 Sessions

(VIANEWS) – Platinum (PL) has been up by 7.75% for the last 21 sessions. At 10:54 EST on Tuesday, 21 February, Platinum (PL) is $947.50.

Volume

Today’s last reported volume for Platinum is 23663, 99.99% below its average volume of 11439602208.54.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.28%, a positive 0.39%, and a positive 1.63%, respectively.

Platinum’s highest amplitude of average volatility was 1.28% (last week), 1.39% (last month), and 1.63% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Platinum’s commodity is considered to be overbought (>=80).

News about

  • WTI crude oil forecast: choppy behavior in thin volume – 21 February 2023. According to DailyForex on Tuesday, 21 February, "During Monday’s trading session, the West Texas Intermediate Crude Oil market rallied a bit, but we saw a lot of noisy and choppy behavior in thin volume, due to the Presidents’ Day holiday. ", "In summary, during Monday’s trading session, the West Texas Intermediate Crude Oil market rallied a bit, but we saw a lot of noisy and choppy behavior in thin volume. "
  • According to FXStreet on Tuesday, 21 February, "Against the backdrop of weaker Crude Oil prices, softer Canadian consumer inflation figures weigh on the commodity-linked Loonie and provide a modest lift to the USD/CAD pair."

More news about Platinum (PL).

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