Platinum Futures Bearish By 8% In The Last 21 Sessions

(VIANEWS) – Platinum (PL) has been up by 8.65% for the last 21 sessions. At 23:50 EST on Tuesday, 15 August, Platinum (PL) is $892.30.

Volume

Today’s last reported volume for Platinum is 712, 99.99% below its average volume of 9570758838.07.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 0.83%, 0.32%, and 1.15%, respectively.

Platinum’s highest amplitude of average volatility was 1.11% (last week), 1.05% (last month), and 1.15% (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, 14 August, "Reaching these levels, at least temporarily, is not a tall order given Crude Oil is the most intensely speculated commodity, which helps explain its high degree of price volatility."
  • According to FXStreet on Monday, 14 August, "Additionally, the American Petroleum Institute’s (API) Weekly Crude Oil Stock and EIA Crude Oil Stocks for the week ending August 11 will be released on Wednesday and Thursday, respectively. "
  • According to FXStreet on Monday, 14 August, "Western Texas Intermediate (WTI) Crude Oil prices come under some renewed selling pressure on the first day of a new week and retreat further from the YTD peak, around the $84.30-$84.35 region touched last Thursday. "

More news about Platinum (PL).

Leave a Reply

Your email address will not be published. Required fields are marked *