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Platinum Futures Bullish Momentum With A 3% Jump In The Last 5 Sessions

(VIANEWS) – Platinum (PL) has been up by 3.76% for the last 5 sessions. At 02:54 EST on Tuesday, 20 August, Platinum (PL) is $966.30.

Volume

Today’s last reported volume for Platinum is 2161, 99.99% below its average volume of 7160351946.17.

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

  • According to FXStreet on Monday, 19 August, "That said, a softer tone around Crude Oil prices could undermine the commodity-linked Loonie and hold back traders from placing fresh bearish bets ahead of this week’s data/central bank event risk.", "Furthermore, geopolitical developments in the Middle East, which tend to drive Crude Oil prices, should provide some impetus to the USD/CAD pair and determine the next leg of a directional move."
  • According to FXStreet on Monday, 19 August, "At the time of writing, Crude Oil (WTI) trades at $75.03 and Brent Crude at $78.71"

More news about Platinum (PL).

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