(VIANEWS) – Platinum (PL) has been up by 2.47% for the last 5 sessions. At 11:52 EST on Wednesday, 24 May, Platinum (PL) is $1,032.70.
Today’s last reported volume for Platinum is 16787, 99.99% below its average volume of 10297166732.35.
Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.42%, a negative 0.02%, and a positive 1.53%, respectively.
Platinum’s highest amplitude of average volatility was 1.24% (last week), 1.24% (last month), and 1.53% (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).
- Crude oil forecast: kicks off the week with consolidation – 23 May 2023. According to DailyForex on Tuesday, 23 May, "TL; DR: the WTI Crude Oil and Brent markets are currently consolidating and showing signs of uncertainty. "
- According to FXStreet on Monday, 22 May, "A modest intraday bounce in Crude Oil prices underpins the commodity-linked Loonie and turns out to be a key factor acting as a headwind for the USD/CAD pair amid subdued US Dollar (USD) price action. ", "This, in turn, is expected to dent fuel demand, should cap the upside for the Crude Oil prices and contribute to limiting any meaningful slide for the USD/CAD pair."
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