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Platinum Futures Bearish By 5% In The Last 10 Sessions

(VIANEWS) – Platinum (PL) has been up by 5.5% for the last 10 sessions. At 05:52 EST on Thursday, 15 June, Platinum (PL) is $977.40.

Volume

Today’s last reported volume for Platinum is 718, 99.99% below its average volume of 10056140912.48.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.93%, a negative 0.55%, and a positive 1.31%, respectively.

Platinum’s highest amplitude of average volatility was 0.93% (last week), 1.05% (last month), and 1.31% (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

  • Crude oil forecast: continues to drift lower – 13 June 2023. According to DailyForex on Tuesday, 13 June, "The West Texas Intermediate (WTI) Crude Oil market experienced a significant downturn at the start of the trading week on Monday, continuing the trend of volatile behavior. ", "In conclusion, both WTI Crude Oil and Brent markets have started the week with significant downturns. "
  • According to FXStreet on Tuesday, 13 June, "From a technical perspective, a sustained break and acceptance below the $67.00 mark will confirm a fresh bearish breakdown for Crude Oil prices. ", "Western Texas Intermediate (WTI) Crude Oil prices enter a bearish consolidation phase during the Asian session on Tuesday and oscillate in a narrow band near the lowest level since early May touched the previous day. "

More news about Platinum (PL).

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