Platinum Futures Bearish Momentum With A 4% Fall In The Last 10 Sessions

(VIANEWS) – Platinum (PL) has been up by 4.27% for the last 10 sessions. At 14:52 EST on Friday, 19 July, Platinum (PL) is $974.50.

Volume

Today’s last reported volume for Platinum is 26808, 99.99% below its average volume of 7147116319.71.

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).

Previous days news about Platinum (PL)

  • Palladium and platinum are on the roll – TDS. According to FXStreet on Wednesday, 17 July, "Commodity Trading Advisors (CTAs) are back on the bid in PGMs, as the recovery in prices catalyzes buying programs in both Platinum and Palladium, TD Securities Senior Commodity Strategist Daniel Ghali suggests.", "Our advanced positioning analytics suggest CTAs are back on the bid in PGMs, as the recovery in prices catalyzes buying programs in both Platinum and Palladium, raising the odds of a renewed leg higher in Palladium prices."
  • Platinum price today: platinum rises, according to fxstreet data. According to FXStreet on Thursday, 18 July, "The Gold/Platinum ratio, which shows the number of ounces of Platinum needed to equal the value of one ounce of Gold, stood at 2.47 on Thursday, up from 2.46 on Wednesday."

More news about Platinum (PL).

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