Platinum Futures Bullish Momentum With A 5% Jump In The Last 10 Sessions

(VIANEWS) – Platinum (PL) has been up by 5.9% for the last 10 sessions. At 01:50 EST on Thursday, 28 December, Platinum (PL) is $1,003.60.

Volume

Today’s last reported volume for Platinum is 72, 99.99% below its average volume of 8488666797.7.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 0.51%, 0.66%, and 1.34%, respectively.

Platinum’s highest amplitude of average volatility was 0.64% (last week), 1.18% (last month), and 1.34% (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 Wednesday, 27 December, "Market participants will likely closely monitor the US API Weekly Crude Oil Stock data for the week ending on December 22 on Wednesday. ", "Following that, on Thursday, attention will shift to the release of the EIA Crude Oil Stocks Change, providing insights into the inventory levels. "
  • Crude oil eases despite red sea tensions, WTI slips back towards $74.00. According to FXStreet on Wednesday, 27 December, "US Crude Oil stocks continue to flaunt expectations of declining reserves, and both the American Petroleum Institute (API) and the Energy Information Administration (EIA) will be publishing updated barrel buildup figures on Wednesday and Thursday, respectively.", "The API Weekly Crude Oil Stocks count last posted a 939K barrel increase last week while the EIA Crude Oil Stocks Change last showed a buildup of nearly three million barrels, and is forecast to print a -2.6 million barrels reduction for the week ended December 22."

More news about Platinum (PL).

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