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Platinum Futures Bearish Momentum With A 9% Drop In The Last 21 Sessions

(VIANEWS) – Platinum (PL) has been up by 9.04% for the last 21 sessions. At 14:52 EST on Wednesday, 14 June, Platinum (PL) is $978.90.

Volume

Today’s last reported volume for Platinum is 4327, 99.99% below its average volume of 10108722029.31.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.86%, a negative 0.49%, and a positive 1.32%, respectively.

Platinum’s highest amplitude of average volatility was 0.86% (last week), 1.00% (last month), and 1.32% (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

  • Crude oil forecast: continues to see a lot of noisy behavior – 12 June 2023. According to DailyForex on Monday, 12 June, "In contrast, the Brent Crude Oil market exhibited a relatively quiet trading session on Friday. ", "Overall, the WTI Crude Oil market is grappling with uncertainties surrounding demand and supply, while the Brent market faces resistance from the 50-Day EMA. "

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