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Platinum Futures Is 3% Up In The Last 10 Sessions

(VIANEWS) – Platinum (PL) has been up by 3.63% for the last 10 sessions. At 20:50 EST on Wednesday, 1 May, Platinum (PL) is $968.00.

Volume

Today’s last reported volume for Platinum is 1253, 99.99% below its average volume of 7641480428.42.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 1.69%, 0.91%, and 1.29%, respectively.

Platinum’s highest amplitude of average volatility was 2.12% (last week), 1.19% (last month), and 1.29% (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

  • Crude oil slumps on risk aversion, WTI tests $81 per barrel. According to FXStreet on Tuesday, 30 April, "The American Petroleum Insitute (API) reported a week-on-week increase of 4.906 million barrels in US Crude Oil supplies as US production continues to outpace demand. ", "WTI has fallen back to a familiar supply zone near $81.00 as bullish momentum in US Crude Oil remains limited. "
  • Crude oil recedes post-fed, WTI tumbles below $80. According to FXStreet on Wednesday, 1 May, "EIA US Crude Oil Stocks are up 9.473 million barrels in the month of April, and US Crude Oil production tracked by the EIA has oversupplied nearly 30 million barrels since the beginning of the year.", "West Texas Intermediate (WTI) US Crude Oil fell below $80.00 per barrel on Wednesday as US Crude Oil supply continues to overwhelm demand, and the US Federal Reserve (Fed) remains hobbled on the path forward toward rate cuts."
  • According to FXStreet on Tuesday, 30 April, "Apart from this,the API Weekly Crude Oil Stock for the week ending April 26 will be released."

More news about Platinum (PL).

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