Platinum Futures Is 2% Up In The Last 5 Sessions

(VIANEWS) – Platinum (PL) has been up by 2.96% for the last 5 sessions. At 05:53 EST on Wednesday, 7 June, Platinum (PL) is $1,046.30.

Volume

Today’s last reported volume for Platinum is 3859, 99.99% below its average volume of 10148520237.71.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.50%, a negative 0.32%, and a positive 1.42%, respectively.

Platinum’s highest amplitude of average volatility was 1.08% (last week), 1.23% (last month), and 1.42% (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)

  • Subdued outlook for palladium, platinum with more upside potential – commerzbank. According to FXStreet on Tuesday, 6 June, "We are confirming our forecast for the Platinum price at the end of 2023 at $1,150, but have raised our forecast for the end of 2024 to $1,300 (previously $1,250).", "In contrast to Palladium, structural supply deficits are looming for Platinum in the coming years."

More news about Platinum (PL).

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