(VIANEWS) – Platinum (PL) has been up by 9.24% for the last 21 sessions. At 11:53 EST on Friday, 5 July, Platinum (PL) is $1,047.40.
Volume
Today’s last reported volume for Platinum is 31913, 99.99% below its average volume of 7234031402.39.
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
- Crude oil rallies after sharp drawdown in EIA supplies, WTI reclaims $83. According to FXStreet on Wednesday, 3 July, "The Energy Information Administration (EIA) posted a much larger week-on-week drawdown in US Crude Oil reserves, sparking a risk rally despite an initial plunge following worse-than-expected economic figures from the US.", "West Texas Intermediate (WTI) US Crude Oil bounced into the high end on Wednesday, climbing back towards $83.50 per barrel after an early dip back to $82.00. "
- According to FXStreet on Thursday, 4 July, "This, in turn, is anticipated to dent long-term fuel demand and is seen as a key factor exerting downward pressure on Crude Oil prices. ", "This led to the overnight slump in the US Treasury bond yields and dragged the US Dollar (USD) to a three-week low, which could further lend some support to Crude Oil prices. "
- According to FXStreet on Wednesday, 3 July, "Moreover, oscillators on the daily chart are holding in positive territory and are still away from being in the overbought zone, suggesting that the path of least resistance for Crude Oil prices is to the upside.", "That said, concerns over a slowdown in global economic growth might hold back bulls from placing fresh bets and cap the upside for Crude Oil prices."
More news about Platinum (PL).
