Platinum Futures Bearish By 3% In The Last 5 Sessions

(VIANEWS) – Platinum (PL) has been up by 3.58% for the last 5 sessions. At 19:51 EST on Wednesday, 7 February, Platinum (PL) is $890.00.

Volume

Today’s last reported volume for Platinum is 1022, 99.99% below its average volume of 8140185642.15.

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

  • According to FXStreet on Tuesday, 6 February, "West Texas Intermediate (WTI) US Crude Oil prices struggle to gain any meaningful traction on Tuesday and oscillate in a narrow range through the mid-European session. ", "Apart from this, concerns about a weaker demand outlook, amid persistent worries about slowing economic growth in China, further contribute to cap gains for Crude Oil prices."
  • According to FXStreet on Wednesday, 7 February, "The American Petroleum Institute (API) Weekly Crude Oil Stock showed improvement, recording a figure of 0.674 million barrels compared to the previous decline of 2.5 million barrels. ", "Investors are now awaiting the release of the US Energy Information Administration (EIA) Crude Oil stockpiles report on Wednesday for further insights into the market."

More news about Platinum (PL).

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