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).

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