(VIANEWS) – Platinum (PL) has been up by 5.08% for the last 5 sessions. At 13:50 EST on Thursday, 4 January, Platinum (PL) is $966.90.
Volume
Today’s last reported volume for Platinum is 17682, 99.99% below its average volume of 8396499080.08.
Volatility
Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 0.40%, 0.82%, and 1.35%, respectively.
Platinum’s highest amplitude of average volatility was 0.52% (last week), 1.25% (last month), and 1.35% (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
- WTI falls back towards $70 per barrel as crude oil extends declines. According to FXStreet on Tuesday, 2 January, "Weekend reports of ongoing attacks on cargo ships in Houthi-rebel-controlled waters off the coast of Yemen sparked a brief rally in Crude Oil bids, bolstered by reports that an Iranian warship had entered the region. ", "West Texas Intermediate (WTI) Crude Oil bids fell on Tuesday following a reversal from the day’s early peak near $73.70, sending barrel bids back toward the $70.00 handle as energies markets face downside pressure from multiple fronts."
- WTI crude oil rebounds on supply drawdown expectations, rate cut hopes. According to FXStreet on Wednesday, 3 January, "OPEC pumped an average of 28.05 barrels per day through December according to survey reporting by Bloomberg, and OPEC is expected to pursue an additional 900K bpd in production cuts, but energy markets remain unsure whether or not OPEC production caps will be enough to stave off Crude Oil oversupply from the US and other non-OPEC rivals.", "Many member nations of the 22-country OPEC+ extended alliance are already stretched to their breaking point on the amount of production cuts their government budgets can shoulder, and with OPEC lacking any mechanisms to reinforce production quotas or to punish members that flout production limits, Crude Oil traders remain concerned that production will continue to outpace slumping global crude demand."
- According to FXStreet on Thursday, 4 January, "Crude oil prices received additional support from the Weekly Crude Oil Stock data released by the American Petroleum Institute (API) on Wednesday. ", "Moreover, anticipation builds as the Energy Information Administration (EIA) is set to release the US Crude Oil Stocks Change on Thursday."
More news about Platinum (PL).
