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

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

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.