Platinum Futures Rises By 8% In The Last 21 Sessions

(VIANEWS) – Platinum (PL) has been up by 8.6% for the last 21 sessions. At 05:52 EST on Tuesday, 14 March, Platinum (PL) is $995.90.

Volume

Today’s last reported volume for Platinum is 4849, 99.99% below its average volume of 11175103292.07.

Volatility

Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 1.29%, 0.64%, and 1.61%, respectively.

Platinum’s highest amplitude of average volatility was 1.29% (last week), 1.55% (last month), and 1.61% (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, 13 March, "Although a five-week-old support line restricts immediate WTI crude oil downside near $75.00, a daily closing beyond the 50-DMA hurdle surrounding $77.75 becomes necessary for the Crude Oil price to keep the buyers in the driver’s seat."
  • Crude oil forecast: crude oil continues to trade in a range – 13 March 2023. According to DailyForex on Monday, 13 March, "However, as soon as the market breaks out of the trading range for either WTI Crude Oil or Brent, we could see a significant $10 move rather quickly.", "Like the WTI Crude Oil market, Brent is also facing the same problems of uncertainty around demand. "

More news about Platinum (PL).

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