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Platinum Futures Bearish By 7% In The Last 10 Sessions

ViaNews Editorial Team

November 9, 2023

Platinum Futures Bearish By 7% In The Last 10 Sessions
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(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."

More news about Platinum (PL).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.