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Platinum Futures Bearish By 8% In The Last 10 Sessions

ViaNews Editorial Team

November 14, 2023

Platinum Futures Bearish By 8% In The Last 10 Sessions
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(VIANEWS) - Platinum (PL) has been up by 8.59% for the last 10 sessions. At 19:52 EST on Monday, 13 November, Platinum (PL) is $851.30.

Volume

Today's last reported volume for Platinum is 16490, 99.99% below its average volume of 8960804782.23.

Volatility

Platinum's last week, last month's, and last quarter's current intraday variation average was a negative 1.22%, a positive 0.58%, and a positive 1.29%, respectively.

Platinum's highest amplitude of average volatility was 1.22% (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

  • According to FXStreet on Monday, 13 November, "However, West Texas Intermediate (WTI) Crude Oil pricepullsback and tradesbelow 76.50 at the time of writing. "
  • Crude oil looking to firm up a bounce from $76. According to FXStreet on Saturday, 11 November, "West Texas Intermediate (WTI) Crude Oil prices have rebounded 2.8% on Friday, climbing from a daily low of $75.35 and testing into $77.50 heading towards the close after a rough week that has seen WTI shed 8.61% peak-to-trough.", "Despite significant production cuts from key member states of the Organization of the Petroleum Exporting Countries (OPEC), global oil demand has failed to materialize in a meaningful way, specifically weighed down by a notable lack of Crude Oil demand from China."

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.