Platinum Futures Bearish Momentum With A 3% Drop In The Last 10 Sessions

(VIANEWS) – Platinum (PL) has been up by 3.61% for the last 10 sessions. At 11:51 EST on Tuesday, 23 May, Platinum (PL) is $1,062.10.

Volume

Today’s last reported volume for Platinum is 10260, 99.99% below its average volume of 10394048622.04.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.14%, a negative 0.11%, and a positive 1.57%, respectively.

Platinum’s highest amplitude of average volatility was 1.40% (last week), 1.33% (last month), and 1.57% (last quarter), respectively.

News about

  • Crude oil forecast: continues to see a lot of choppy behavior – 22 May 2023. According to DailyForex on Monday, 22 May, "Amidst the global economy’s uncertainty, the $70 level supports the WTI Crude Oil market. ", "Ultimately, the WTI Crude Oil and Brent markets face noise and choppiness amid an uncertain global economic environment. "
  • According to FXStreet on Monday, 22 May, "It should be noted that WTI Crude Oil began the week on a negative note before bouncing off $70.65 to end the day on a positive side around $72.15."
  • According to FXStreet on Monday, 22 May, "A modest intraday bounce in Crude Oil prices underpins the commodity-linked Loonie and turns out to be a key factor acting as a headwind for the USD/CAD pair amid subdued US Dollar (USD) price action. ", "This, in turn, is expected to dent fuel demand, should cap the upside for the Crude Oil prices and contribute to limiting any meaningful slide for the USD/CAD pair."

More news about Platinum (PL).

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