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Platinum Futures Went Up By Over 10% In The Last 21 Sessions

Platinum Futures Went Up By Over 10% In The Last 21 Sessions
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(VIANEWS) - Platinum (PL) has been up by 10.82% for the last 21 sessions. At 20:55 EST on Thursday, 23 May, Platinum (PL) is $1,025.60.

Volume

Today's last reported volume for Platinum is 829, 99.99% below its average volume of 7471670342.64.

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 FXStreet on Wednesday, 22 May, "At the time of writing, Crude Oil (WTI) trades at $77.78and Brent Crude at $81.85."
  • According to FXStreet on Thursday, 23 May, "West Texas Intermediate (WTI) US Crude Oil is trading up over a percent at $78.01 on Thursday."
  • Crude oil backslides into the red on Thursday, WTI falls below $77 as diminishing rate cut hopes weigh. According to FXStreet on Thursday, 23 May, "API Crude Oil Stocks for the week ended May 17 rose 2.48 million barrels, well above the forecast -3.1 million drawdown and refilling most of the previous week's -3.104 million decline. ", "US Crude Oil production has once again threatened to outpace demand, leading to a fresh buildup in week-on-week barrel counts and renewing concerns that a US-led overhang of Crude Oil could push barrel prices paid even lower."

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.