Monday, October 12, 2026

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

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

(VIANEWS) - Platinum (PL) has been up by 7.76% for the last 21 sessions. At 02:53 EST on Friday, 7 July, Platinum (PL) is $911.40.

Volume

Today's last reported volume for Platinum is 1704, 99.99% below its average volume of 9788826267.35.

Volatility

Platinum's last week, last month's, and last quarter's current intraday variation average was a positive 1.65%, a negative 0.48%, and a positive 1.30%, respectively.

Platinum's highest amplitude of average volatility was 1.65% (last week), 1.19% (last month), and 1.30% (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

  • According to FXStreet on Thursday, 6 July, "That said, bullish Crude Oil prices underpin the commodity-linked Loonie and could act as a headwind for the USD/CAD pair, at least for the time being.", "This, along with Crude Oil price dynamics, should contribute to producing short-term trading opportunities around the USD/CAD pair ahead of the critical monthly jobs data from Canada and the US, due for release on Friday."
  • According to FXStreet on Friday, 7 July, "That said, EIA Crude Oil Stocks Change improved to -1.508 million barrels (M) for the week ended on June 30 versus -9.603M in previous readings."
  • According to FXStreet on Wednesday, 5 July, "Western Texas Intermediate (WTI) Crude Oil prices come under renewed selling pressure on Wednesday and reverse a major part of the previous day's positive move. ", "Worries that a global economic slowdown will dent fuel demand overshadow expectations for tighter supply due to output cuts announced by top exporters - Saudi Arabia and Russia - and act as a headwind for Crude Oil prices. "
  • Crude oil forecast: markets navigate holiday trading - 05 July 2023. According to DailyForex on Wednesday, 5 July, "The West Texas Intermediate (WTI) Crude Oil market experienced a minor rally during Tuesday's trading session. ", "The WTI Crude Oil market witnessed a modest rally during holiday trading, with the 50-Day EMA acting as a resistance level. "

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.

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