(VIANEWS) – Platinum (PL) is currently on bearish momentum. At 11:52 EST on Wednesday, 18 May, Platinum (PL) is at $924.80 and 1.97% down since the last session’s close.
Today’s last reported volume for Platinum is 10308, 99.99% below its average volume of 16523861881.46.
Concerning Platinum’s daily highs and lows, it’s 1.512% down from its trailing 24 hours low of $939.00 and 2.117% down from its trailing 24 hours high of $944.80.
Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.71%, a negative 0.56%, and a positive 1.72%, respectively.
Platinum’s highest amplitude of average volatility was 1.79% (last week), 1.75% (last month), and 1.72% (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 overbought (>=80).
News about Crude Oil
- WTI crude oil forecast: threatens top of a major triangle – 16 May 2022. According to DailyForex on Monday, 16 May, "The West Texas Intermediate Crude Oil market has rallied quite nicely during the trading session on Friday as we continue to bang around in a major symmetrical triangle. ", "If we were to break down below the uptrend line, which is essentially the $100 level, it is possible that the WTI Crude Oil market goes looking to reach the 200 Day EMA underneath. "
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