(VIANEWS) – Platinum (PL) has been up by 3.52% for the last 10 sessions. At 16:54 EST on Monday, 20 November, Platinum (PL) is $905.20.
Today’s last reported volume for Platinum is 5616, 99.99% below its average volume of 8909187384.
Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 1.66%, 0.77%, and 1.34%, respectively.
Platinum’s highest amplitude of average volatility was 1.66% (last week), 1.44% (last month), and 1.34% (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).
- WTI crude oil: weekly forecast 19th November – 25th November – 19 November 2023. According to DailyForex on Sunday, 19 November, "Importantly however, WTI Crude Oil did seem to find solid price velocity higher after touching the lower value and finished Friday’s trading sustaining higher prices.", "Improving risk sentiment in global markets and spark potential large buyers to speculate on purchases of WTI Crude Oil with the belief demand will start to increase; this could prove attractive to day traders. "
- According to FXStreet on Monday, 20 November, "West Texas Intermediate (WTI) Crude Oil prices build on last week’s goodish rebound from the $72.40-$72.35 area, or the lowest level since July 7 and gain some follow-through positive traction for the second successive day on Monday. ", "Moreover, worries that a deeper global economic downturn will dent fuel demand might continue to undermine Crude Oil prices and keep a lid on any further gains. "
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