(VIANEWS) – Platinum (PL) has been up by 2.56% for the last 5 sessions. At 02:50 EST on Thursday, 8 June, Platinum (PL) is $1,034.50.
Today’s last reported volume for Platinum is 110, 99.99% below its average volume of 10056141014.34.
Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a positive 0.22%, a negative 0.39%, and a positive 1.41%, respectively.
Platinum’s highest amplitude of average volatility was 0.91% (last week), 1.18% (last month), and 1.41% (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)
- Subdued outlook for palladium, platinum with more upside potential – commerzbank. According to FXStreet on Tuesday, 6 June, "We are confirming our forecast for the Platinum price at the end of 2023 at $1,150, but have raised our forecast for the end of 2024 to $1,300 (previously $1,250).", "In contrast to Palladium, structural supply deficits are looming for Platinum in the coming years."
- According to FXStreet on Tuesday, 6 June, "Failure to provide a daily closing beyond the 50-day Exponential Moving Average (EMA), around $73.50 by the press time, directs WTI Crude Oil bears toward the $70.00 round figure."
More news about Platinum (PL).