Platinum Futures Bearish By 8% In The Last 10 Sessions

(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).

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