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Platinum Futures Bearish Momentum With A 7% Fall In The Last 10 Sessions

(VIANEWS) – Platinum (PL) has been up by 7.1% for the last 10 sessions. At 08:53 EST on Wednesday, 24 April, Platinum (PL) is $920.20.

Volume

Today’s last reported volume for Platinum is 12970, 99.99% below its average volume of 7710047814.41.

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 back over $83 as crude oil sees additional volatility. According to FXStreet on Tuesday, 23 April, "The day’s late-stage rally brought US Crude Oil prices just above the 200-hour Exponential Moving Average (EMA).", "West Texas Intermediate (WTI) US Crude Oil started Tuesday on the low side, falling below $81.00 per barrel before a broad-market recovery in risk appetite dragged barrel bids into a fresh high above $83.00. "
  • WTI churns close to $82.00 as crude oil tries to stop the slide. According to FXStreet on Monday, 22 April, "Despite declining for all but three of the last 12 consecutive trading days, US Crude Oil continues to trade above the 200-day EMA near $79.00. ", "The American Petroleum Institute (API) will deliver its latest weekly Crude Oil Stocks barrel counts late Tuesday. "

More news about Platinum (PL).

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