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

(VIANEWS) – Platinum (PL) has been up by 7.57% for the last 21 sessions. At 02:51 EST on Wednesday, 2 October, Platinum (PL) is $1,000.90.

Volume

Today’s last reported volume for Platinum is 3317, 99.99% below its average volume of 6916977609.37.

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

  • Crude oil edges lower despite intensified attacks on Lebanon. According to FXStreet on Monday, 30 September, "At the time of writing, Crude Oil (WTI) trades at $67.78and Brent Crude at $71.07."
  • According to FXStreet on Tuesday, 1 October, "The downward trajectory could eventually drag Crude Oil prices below the $64.00 mark, towards challenging the lower boundary of the aforementioned trend-channel, currently pegged near the $63.00-$62.90 region.", "This, along with some follow-through US Dollar (USD) buying, bolstered by the Federal Reserve (Fed) Chair Jerome Powell’s relatively hawkish remarks on Monday, turn out to be key factors weighing on Crude Oil prices."

More news about Platinum (PL).

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