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Platinum Futures Bullish Momentum With A 10% Jump In The Last 21 Sessions

(VIANEWS) – Platinum (PL) has been up by 10.31% for the last 21 sessions. At 07:51 EST on Friday, 29 December, Platinum (PL) is $1,021.60.

Volume

Today’s last reported volume for Platinum is 5490, 99.99% below its average volume of 8396498954.02.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 0.78%, 0.78%, and 1.37%, respectively.

Platinum’s highest amplitude of average volatility was 0.91% (last week), 1.24% (last month), and 1.37% (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 oversold (<=20).

News about

  • According to FXStreet on Thursday, 28 December, " Oil traders will keep an eye on the EIA Crude Oil Stocks Change report, due on Thursday. "
  • Crude oil eases despite red sea tensions, WTI slips back towards $74.00. According to FXStreet on Wednesday, 27 December, "US Crude Oil continues to trade on the north side of the 200-hour SMA, but the gap is closing quickly with the 200-day SMA rising into $73.50.", "The API Weekly Crude Oil Stocks count last posted a 939K barrel increase last week while the EIA Crude Oil Stocks Change last showed a buildup of nearly three million barrels, and is forecast to print a -2.6 million barrels reduction for the week ended December 22."

More news about Platinum (PL).

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