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Platinum Futures Bearish By 2% In The Last 5 Sessions

ViaNews Editorial Team

February 7, 2024

Platinum Futures Bearish By 2% In The Last 5 Sessions
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(VIANEWS) - Platinum (PL) has been up by 2.21% for the last 5 sessions. At 04:50 EST on Wednesday, 7 February, Platinum (PL) is $902.60.

Volume

Today's last reported volume for Platinum is 3803, 99.99% below its average volume of 8183255312.59.

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 Tuesday, 6 February, "West Texas Intermediate (WTI) US Crude Oil prices struggle to gain any meaningful traction on Tuesday and oscillate in a narrow range through the mid-European session. ", "Apart from this, concerns about a weaker demand outlook, amid persistent worries about slowing economic growth in China, further contribute to cap gains for Crude Oil prices."

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.