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Platinum Futures Went Down By Over 7% In The Last 21 Sessions

Platinum Futures Went Down By Over 7% In The Last 21 Sessions
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(VIANEWS) - Platinum (PL) has been up by 7.74% for the last 21 sessions. At 05:51 EST on Friday, 9 August, Platinum (PL) is $938.20.

Volume

Today's last reported volume for Platinum is 4765, 99.99% below its average volume of 7068720500.39.

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

  • According to Zacks on Wednesday, 7 August, "Till then, keep track of oil ETFs like USO, BNO, Invesco DB Oil Fund (DBO Quick QuoteDBO - Free Report) , United States 12 Month Oil Fund LP (USL Quick QuoteUSL) and ProShares K-1 Free Crude Oil Strategy ETF (OILK Quick QuoteOILK) ."
  • According to FXStreet on Thursday, 8 August, "This, in turn, holds back traders from placing aggressive bullish bets around Crude Oil prices and caps the upside, though geopolitical risks could act as a tailwind.", "This keeps the risk of supply disruptions from the key Oil producing region and continues to offer some support to Crude Oil prices. "
  • According to FXStreet on Thursday, 8 August, "Energy Information Administration (EIA) Crude Oil Stocks Change declined by 3.728 million barrels for the week ending August 2, marking the sixth consecutive weekly decline. "

More news about Platinum (PL).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.