Platinum Futures Bearish By 11% In The Last 21 Sessions

(VIANEWS) – Platinum (PL) has been up by 11.13% for the last 21 sessions. At 02:52 EST on Tuesday, 11 June, Platinum (PL) is $963.90.


Today’s last reported volume for Platinum is 4607, 99.99% below its average volume of 7522547493.7.


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

  • According to FXStreet on Monday, 10 June, "At the time of writing, Crude Oil (WTI) trades at $75.54 and Brent Crude at $79.80"
  • Crude oil extends recovery on renewed supply hopes, WTI breaches $77.50. According to FXStreet on Monday, 10 June, "OPEC and its consortium have been limiting output through 2023 and 2024 in an effort to stem the tide of global overcapacity, but crimped output limits have been hitting OPEC+ nations in their government budgets, which rely on Crude Oil sales to balance their books.", "The planned phasing out of OPEC+ caps in conjunction with an expected uptick in gasoline demand that has failed to materialize at several junctures has left Crude Oil markets battered. "
  • According to FXStreet on Tuesday, 11 June, " Meanwhile, Crude Oil prices edge lower as OPEC ministers said that they would not increase supply if prices remained weak. "

More news about Platinum (PL).

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