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Platinum Futures Drops By 2% In The Last 5 Sessions

(VIANEWS) – Platinum (PL) has been up by 2.3% for the last 5 sessions. At 01:50 EST on Tuesday, 7 November, Platinum (PL) is $913.70.

Volume

Today’s last reported volume for Platinum is 24826, 99.99% below its average volume of 9002531290.8.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 0.93%, 1.20%, and 1.28%, respectively.

Platinum’s highest amplitude of average volatility was 1.00% (last week), 1.41% (last month), and 1.28% (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 Monday, 6 November, "Furthermore, top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year, which, in turn, acts as a tailwind for WTI Crude Oil prices.", "This, along with developments surrounding the Israel-Hamas conflict and the USD price dynamics, should contribute to producing some meaningful trading opportunities around Crude Oil prices."
  • Crude oil forecast: is crude trying to find a bottom? – 06 November 2023. According to DailyForex on Monday, 6 November, "Starting with WTI Crude Oil, the West Texas Intermediate Crude Oil market initially displayed signs of strength during Friday’s trading session. "
  • WTI crude oil: weekly forecast 5th November – 11th November – 05 November 2023. According to DailyForex on Sunday, 5 November, "WTI Crude Oil went into the weekend below the 81.000 USD level in the cash and most forward futures CFDs (contracts). ", "A solid supply of WTI Crude Oil exists globally and there has been a reduction in the amount of risk adverse trading within the commodity."

More news about Platinum (PL).

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