Platinum Futures Bearish By 8% In The Last 21 Sessions

(VIANEWS) – Platinum (PL) has been up by 8.11% for the last 21 sessions. At 05:50 EST on Wednesday, 5 July, Platinum (PL) is $922.10.

Volume

Today’s last reported volume for Platinum is 10521, 99.99% below its average volume of 9952603089.48.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.75%, a negative 0.68%, and a positive 1.29%, respectively.

Platinum’s highest amplitude of average volatility was 1.55% (last week), 1.12% (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 oversold (<=20).

News about

  • According to FXStreet on Tuesday, 4 July, "Apart from this, a downtick in Crude Oil prices further undermines the commodity-linked Loonie and acts as a tailwind for the USD/CAD pair, though subdued US Dollar (USD) demand continues to cap the upside. ", "Despite supply woes from cuts for August by top exporters Saudi Arabia and Russia, Crude Oil prices remain on the defensive amid worries that a global economic downturn will dent fuel demand. "
  • Crude oil forecast: oil markets consolidate amidst rally – 03 July 2023. According to DailyForex on Monday, 3 July, "The WTI Crude Oil and Brent markets have rallied recently but continue to trade within consolidation ranges. ", "Both the WTI Crude Oil and Brent markets are currently within consolidation ranges, reflecting uncertainty and indecisiveness. "

More news about Platinum (PL).

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