Platinum Futures Bearish By 7% In The Last 10 Sessions

(VIANEWS) – Platinum (PL) has been up by 7.06% for the last 10 sessions. At 07:53 EST on Thursday, 9 November, Platinum (PL) is $875.00.

Volume

Today’s last reported volume for Platinum is 3002, 99.99% below its average volume of 8827824884.09.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.44%, a positive 0.81%, and a positive 1.29%, respectively.

Platinum’s highest amplitude of average volatility was 1.46% (last week), 1.31% (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 overbought (>=80).

News about

  • Crude oil forecast: waits on external noise – 07 November 2023. According to DailyForex on Tuesday, 7 November, "Starting the day with a slightly favorable opening, the West Texas Intermediate Crude Oil market situated itself in proximity to the 200-Day EMA, an indicator of paramount significance. ", "Such a development would decidedly bear a bearish connotation, mirroring the movements in the WTI Crude Oil market."

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