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Platinum Futures Bearish Momentum With A 2% Drop In The Last 5 Sessions

(VIANEWS) – Platinum (PL) has been up by 2.56% for the last 5 sessions. At 20:51 EST on Monday, 23 September, Platinum (PL) is $961.70.

Volume

Today’s last reported volume for Platinum is 636, 99.99% below its average volume of 7017405399.38.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 1.69%, 0.91%, and 1.29%, respectively.

Platinum’s highest amplitude of average volatility was 2.12% (last week), 1.19% (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

  • Crude oil prices remain buoyed by geopolitical concerns while European economy enters doom scenario. According to FXStreet on Monday, 23 September, "At the time of writing, Crude Oil (WTI) trades at $71.59 and Brent Crude at $74.41"
  • According to FXStreet on Monday, 23 September, "West Texas Intermediate (WTI) US Crude Oil prices have recovered over 10.5% bottom-to-top since September 10’s bottom bids of $64.75, the key commodity’s lowest prices since May of 2022. "

More news about Platinum (PL).

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