Platinum Futures Bearish Momentum With A 11% Slide In The Last 21 Sessions

(VIANEWS) – Platinum (PL) has been up by 11.04% for the last 21 sessions. At 22:51 EST on Monday, 22 January, Platinum (PL) is $906.20.

Volume

Today’s last reported volume for Platinum is 1242, 99.99% below its average volume of 8369238001.52.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 1.43%, 0.71%, and 1.28%, respectively.

Platinum’s highest amplitude of average volatility was 1.63% (last week), 0.97% (last month), and 1.28% (last quarter), respectively.

News about

  • Crude oil climbs as geopolitical tensions highlight supply weak points. According to FXStreet on Monday, 22 January, "US Crude Oil is caught in a congestion zone between the 50-day and 200-day Simple Moving Averages (SMA) between $78.00 and $73.00, trading into a tight consolidation range after slumping through the 200-day SMA in November.", "Despite ongoing geopolitical tensions and the risk they pose to Crude Oil supply, global production continues to keep prices capped after 2023’s fearful bids on the possibility of constrained energy markets failing to meet barrel demand bore almost no fruit."
  • WTI crude oil weekly forecast – steady range trading and polite price action – 21 January 2024. According to DailyForex on Sunday, 21 January, "WTI Crude Oil prices going into the weekend only a stone’s throw away from the 73.000 USD level indicates buyers understand there is plenty of supply of the commodity.", "Even as news developments from the Middle East and Asia produce rather loud headlines, WTI Crude Oil has not been hit with a massive wave of speculative buying."
  • Crude oil forecast – crude oil continues to attempt to discern directionality – 22 January 2024. According to DailyForex on Monday, 22 January, "Looking specifically at the West Texas Intermediate (WTI) Crude Oil Market, it attempted a modest rally during Friday’s trading session. "

More news about Platinum (PL).

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