Platinum Futures Rises By 5% In The Last 5 Sessions

(VIANEWS) – Platinum (PL) has been up by 5.2% for the last 5 sessions. At 23:52 EST on Wednesday, 11 September, Platinum (PL) is $961.80.

Volume

Today’s last reported volume for Platinum is 2092, 99.99% below its average volume of 6966829435.39.

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).

Previous days news about Platinum (PL)

  • WPIC revises platinum supply deficit significantly upwards – commerzbank. According to FXStreet on Tuesday, 10 September, "We remain convinced that the Platinum price has considerable upside potential.", "The WPIC also assumes that Platinum ETFs will record net inflows this year and not net outflows as previously assumed. "

News about

  • According to FXStreet on Thursday, 12 September, "EIA data showed that Crude Oil Stocks rose by 0.833 million barrels for the week ending September 6, slightly below the forecasted increase of 0.9 million barrels."
  • Crude oil eases slightly ahead of OPEC monthly report. According to FXStreet on Tuesday, 10 September, "At the time of writing, Crude Oil (WTI) trades at $67.37 and Brent Crude at $70.95"
  • Crude oil bears over 8% loss for September. According to FXStreet on Wednesday, 11 September, "At the time of writing, Crude Oil (WTI) trades at $65.52and Brent Crude at $69.16"

More news about Platinum (PL).

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