Platinum Futures Bullish Momentum With A 4% Rise In The Last 10 Sessions

(VIANEWS) – Platinum (PL) has been up by 4.36% for the last 10 sessions. At 07:51 EST on Thursday, 30 November, Platinum (PL) is $940.50.

Volume

Today’s last reported volume for Platinum is 1222, 99.99% below its average volume of 8650083872.92.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 1.47%, 0.78%, and 1.38%, respectively.

Platinum’s highest amplitude of average volatility was 1.61% (last week), 1.47% (last month), and 1.38% (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 Tuesday ralies to snap four-day losing streak, WTI tests $77.00. According to FXStreet on Tuesday, 28 November, "Tuesday’s risk bid is seeing Crude Oil step higher with the WTI bidding into the $77.00 handle late in the day, but with daily candlesticks continuing to get capped off by the 200-day Simple Moving Average (SMA) near $78.00, upside momentum could remain limited.", "Saudi Arabia, one of the preeminent OPEC member states, has been actively pursuing intense Crude Oil production cuts in order to keep global fuel prices elevated, and the fierce production quota caps are facing intensifying objections from smaller OPEC member states that rely more heavily on regular oil exports to fund their budgets."
  • According to FXStreet on Tuesday, 28 November, "Oil traders will watch API Weekly Crude Oil Stock for the week ending on November 24 on Tuesday and EIA Crude Oil Stocks Change for the said period on Wednesday."

More news about Platinum (PL).

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