(VIANEWS) – Platinum (PL) has been up by 3.01% for the last 5 sessions. At 04:50 EST on Friday, 1 March, Platinum (PL) is $877.00.
Volume
Today’s last reported volume for Platinum is 8501, 99.99% below its average volume of 7890996801.
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 rose again on Wednesday, but WTI found friction at $79.00. According to FXStreet on Wednesday, 28 February, "The consortium is trying to bolster Crude prices by stemming the tide of Crude Oil supply getting pumped into markets by non-OPEC countries, specifically the US which recently became the single largest exporter of Crude Oil to Europe.", "This also adds to the API Weekly Crude Oil Stock count for the same period, which added another 8.428 million barrels compared to the previous week’s 7.168 million."
- According to FXStreet on Wednesday, 28 February, "American Petroleum Institute (API) revealed that Weekly Crude Oil Stock increased to 8.428 million barrels for the week ending on February 23, from the previous 7.168 million barrels. ", "Furthermore, the US Energy Information Administration (EIA) is expected to report a decline in the Crude Oil Stocks Change on Wednesday."
- Crude oil monthly forecast: March 2024 – 29 February 2024. According to DailyForex on Thursday, 29 February, "The West Texas Intermediate Crude Oil market has been more of a "buy on the dip" market during the month of February, and as I write this article at the end of the month, it’s currently testing the 50-Week EMA. ", "As per usual, the Brent Crude Oil market, or the UK Oil market if you are using CFDs, is following right along with WTI Crude Oil. "
More news about Platinum (PL).
