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

Platinum Futures Bearish Momentum With A 2% Slide In The Last 5 Sessions
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(VIANEWS) - Platinum (PL) has been up by 2.51% for the last 5 sessions. At 05:52 EST on Thursday, 21 March, Platinum (PL) is $910.00.

Volume

Today's last reported volume for Platinum is 10766, 99.99% below its average volume of 7819188528.9.

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

  • According to FXStreet on Tuesday, 19 March, "West Texas Intermediate (WTI) US Crude Oil prices edge lower during the Asian session on Tuesday and revers a part of the previous day's strong gains to the $82.45 area, or the highest level since early November. ", "Furthermore, growing concerns about a global economic slowdown, which could dent fuel demand, turn out to be another factor weighing on Crude Oil prices. "
  • According to DailyForex on Wednesday, 20 March, "Forex Brokers We Recommend in Your Region See full brokers list 1 Read full review Get Started BrokerGeoLists.push({type:'ReviewsNonPartner',id:'horizontal-top-5',size:5,fullReviewText:`Read full review`,getStartedText:`Get Started`,readReviewText:`Review`});The Crude Oil Connection"
  • According to FXStreet on Thursday, 21 March, "West Texas Intermediate (WTI) US Crude Oil prices attract some dip-buying during the Asian session on Thursday and reverse a part of the previous day's losses. ", "This is seen undermining the US Dollar (USD) and benefitting USD-denominated commodities, including Crude Oil prices. "

More news about Platinum (PL).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.