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Platinum Futures Bearish Momentum With A 7% Drop In The Last 21 Sessions

(VIANEWS) – Platinum (PL) has been up by 7.96% for the last 21 sessions. At 19:52 EST on Tuesday, 14 February, Platinum (PL) is $936.00.

Volume

Today’s last reported volume for Platinum is 384, 99.99% below its average volume of 11207494371.18.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.28%, a positive 0.39%, and a positive 1.63%, respectively.

Platinum’s highest amplitude of average volatility was 1.28% (last week), 1.39% (last month), and 1.63% (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 forecast: range between $75 and $82.50 likely to hold for now, shorts possible near $80 – 13 February 2023. According to DailyForex on Monday, 13 February, "On the other hand, if we do turn around and breakout above the $82.50 level, then it’s possible that the West Texas Intermediate Crude Oil market is looking to the 200-Day EMA. "

More news about Platinum (PL).

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