Platinum Futures Bearish Momentum With A 4% Drop In The Last 10 Sessions

(VIANEWS) – Platinum (PL) has been up by 4.94% for the last 10 sessions. At 23:52 EST on Sunday, 21 May, Platinum (PL) is $1,070.60.

Volume

Today’s last reported volume for Platinum is 625, 99.99% below its average volume of 10564442793.16.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.81%, a negative 0.19%, and a positive 1.56%, respectively.

Platinum’s highest amplitude of average volatility was 1.40% (last week), 1.31% (last month), and 1.56% (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

  • According to DailyForex on Sunday, 21 May, "The West Texas Intermediate Crude Oil market has rallied to show signs of life during the course of the week, but we still see a lot of noise above and ultimately it is a situation where we are trying to figure out where to go from here, due to the fact that oil is so highly sensitive to the global economy, which of course is all over the place at the moment. "

More news about Platinum (PL).

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