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Platinum Futures Bearish Momentum With A 6% Slide In The Last 10 Sessions

ViaNews Editorial Team

September 8, 2023

Platinum Futures Bearish Momentum With A 6% Slide In The Last 10 Sessions

(VIANEWS) - Platinum (PL) has been up by 6.48% for the last 10 sessions. At 23:51 EST on Thursday, 7 September, Platinum (PL) is $911.40.

Volume

Today's last reported volume for Platinum is 1300, 99.99% below its average volume of 9217131903.03.

Volatility

Platinum's last week, last month's, and last quarter's current intraday variation average was a negative 1.46%, a positive 0.49%, and a positive 1.20%, respectively.

Platinum's highest amplitude of average volatility was 1.60% (last week), 1.23% (last month), and 1.20% (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 overbought (>=80).

News about

  • According to FXStreet on Wednesday, 6 September, "Elsewhere, the US Dollar Index (DXY) seesaws at the highest level since March 15, dicey near 104.80 at the latest, while prices of Gold and WTI Crude Oil tread water around $1,925 and $86.40 as we write."
  • According to FXStreet on Wednesday, 6 September, "India's heavy reliance on Oil imports drowned the INR the most in three weeks the previous day after the WTI Crude Oil Price refreshed its yearly high to $87.55, around $86.32 by the press time. "
  • According to FXStreet on Wednesday, 6 September, "At the time of writing, Crude Oil (WTI) price trades at $86.13 per barrel and Brent Oil at $89.54", "This means that less buying will start to take place as traders will see less upside potential when entering into a long Crude Oil position at these elevated levels. "
  • According to FXStreet on Wednesday, 6 September, "Also, traders will take cues from the EIA Crude Oil Stocks Change data for the week ending September 1 due on Wednesday. "

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.