Platinum Futures Bullish Momentum With A 14% Rise In The Last 21 Sessions

(VIANEWS) – Platinum (PL) has been up by 14.46% for the last 21 sessions. At 17:52 EST on Wednesday, 22 May, Platinum (PL) is $1,046.50.


Today’s last reported volume for Platinum is 26899, 99.99% below its average volume of 7537211180.57.


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 roils on Monday, WTI finds then loses $80. According to FXStreet on Monday, 20 May, "A lopsided number of refineries went offline for spring maintenance in 2024, and energy traders had been banking on an uptick in Crude Oil demand after those facilities came back online. ", "A broadly-expected increase in Crude Oil markets from refineries has failed to materialize, meaning supply chains are at risk of getting overrun by production that continues to outpace overall demand. "
  • According to FXStreet on Tuesday, 21 May, "At the time of writing, Crude Oil (WTI) trades at $77.90and Brent Crude at $82.29."
  • According to FXStreet on Wednesday, 22 May, "At the time of writing, Crude Oil (WTI) trades at $77.78and Brent Crude at $81.85."

More news about Platinum (PL).

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