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

(VIANEWS) – Platinum (PL) has been up by 7.61% for the last 21 sessions. At 02:50 EST on Friday, 21 June, Platinum (PL) is $986.30.

Volume

Today’s last reported volume for Platinum is 2007, 99.99% below its average volume of 7323086498.54.

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

  • Crude oil tests higher ground on quiet Wednesday, WTI touches $81.00. According to FXStreet on Wednesday, 19 June, "WTI US Crude Oil has temporarily halted a technical recovery from the last major swing low into $72.45. ", "The American Petroleum Institute (API) reported another week-on-week increase in US Weekly Crude Oil Stocks this week, adding another 2.264 million barrels to counts and eating away at the previous week’s -2.428 million barrel decline as US production of Crude Oil continues to overhang on current demand levels."
  • Crude oil climbs again, WTI Marches toward $82 after EIA barrel count declines. According to FXStreet on Thursday, 20 June, "US Crude Oil has climbed further above the 200-day Exponential Moving Average (EMA) at $78.85.", "The Energy Information Administration (EIA) reported an unexpected decline in US Crude Oil Stocks Change for the week ended June 14. "

More news about Platinum (PL).

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