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Platinum Futures Is 5% Down In The Last 5 Sessions

(VIANEWS) – Platinum (PL) has been up by 5.68% for the last 5 sessions. At 02:53 EST on Tuesday, 16 May, Platinum (PL) is $1,062.20.

Volume

Today’s last reported volume for Platinum is 1498, 99.99% below its average volume of 10578894763.19.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.25%, a positive 0.40%, and a positive 1.57%, respectively.

Platinum’s highest amplitude of average volatility was 1.66% (last week), 1.55% (last month), and 1.57% (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 overbought (>=80).

News about

  • According to FXStreet on Monday, 15 May, "Apart from this, a modest bounce in Crude Oil prices from over a one-week low set earlier this Monday underpins the commodity-linked Loonie. "
  • Crude oil forecast: continues to see a lot of noise – 15 May 2023. According to DailyForex on Monday, 15 May, "Ultimately, the WTI Crude Oil market witnessed an initial decline but found support around the $70 level, while Brent crude oil also experienced a negative start, breaching the $75 level. "

More news about Platinum (PL).

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