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

(VIANEWS) – Platinum (PL) has been up by 5.04% for the last 10 sessions. At 17:52 EST on Tuesday, 12 March, Platinum (PL) is $928.30.

Volume

Today’s last reported volume for Platinum is 39221, 99.99% below its average volume of 7955943533.49.

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 staggers on Tuesday as bullish momentum gets cut short by EIA forecast shift. According to FXStreet on Tuesday, 12 March, "A steeper-than-expected decline in US Crude Oil stocks for the week ended March 8 from the American Petroleum Institute (API) saw a brief uptick in bullish momentum heading into the end of the American trading session. ", "West Texas Intermediate (WTI) US Crude Oil has settled into a rough range on Tuesday, failing to capture $78.40 per barrel before falling into $77.20 as barrel traders struggle to pick a direction heading into the midweek. "

More news about Platinum (PL).

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