Platinum Futures Bearish Momentum With A 4% Drop In The Last 5 Sessions

(VIANEWS) – Platinum (PL) has been up by 4.13% for the last 5 sessions. At 19:51 EST on Sunday, 4 February, Platinum (PL) is $899.80.

Volume

Today’s last reported volume for Platinum is 1006, 99.99% below its average volume of 8342153311.69.

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

  • WTI crude oil weekly forecast: mid-term support challenged as risks escalate – 04 February 2024. According to DailyForex on Sunday, 4 February, "Day traders need to understand larger players in WTI Crude Oil are quite experienced with the perception of ‘risks’ coming from the Middle East.", "However even experienced large players in WTI Crude Oil are sometimes wrong, which may make some speculators still tempted to bet for a reversal upwards."

More news about Platinum (PL).

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