Platinum Futures Falls By 6% In The Last 10 Sessions

(VIANEWS) – Platinum (PL) has been up by 6.45% for the last 10 sessions. At 05:53 EST on Friday, 26 July, Platinum (PL) is $942.30.

Volume

Today’s last reported volume for Platinum is 4530, 99.99% below its average volume of 7153727938.15.

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).

Previous days news about Platinum (PL)

  • Platinum is under a threat of a sell-off – TDS. According to FXStreet on Thursday, 25 July, "Following a whipsaw in positioning, Commodity Trading Advisors (CTAs) are returning to the offer in Platinum with large-scale selling activity potentially hitting the tapes."

News about

  • According to FXStreet on Wednesday, 24 July, "On Tuesday, the American Petroleum Institute (API) reported a drop of 3.9 million barrels in Weekly Crude Oil Stock for the week ending July 19, exceeding market expectations of a 2.47 million-barrel decrease. ", "The US Energy Information Administration’s (EIA) Crude Oil Stocks Change report, scheduled for Wednesday, is anticipated to show a 0.7 million-barrel increase for the same period."
  • According to FXStreet on Thursday, 25 July, "Meanwhile, the Energy Information Administration (EIA) reported a decrease of 3.741 million barrels in US Crude Oil Stocks Change for the week ending July 19, marking the fourth straight decline, against the expected increase of 0.70 million barrels. "
  • According to FXStreet on Wednesday, 24 July, "On Tuesday, the American Petroleum Institute (API) reported a drop of 3.9 million barrels in Weekly Crude Oil Stock for the week ending July 19, exceeding market expectations of a 2.47 million-barrel decrease. ", "The US Energy Information Administration’s (EIA) Crude Oil Stocks Change report, scheduled for Wednesday, is anticipated to show a 0.7 million-barrel increase for the same period."

More news about Platinum (PL).

Leave a Reply

Your email address will not be published. Required fields are marked *