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Platinum Futures Bearish Momentum With A 5% Fall In The Last 10 Sessions

ViaNews Editorial Team

September 14, 2023

Platinum Futures Bearish Momentum With A 5% Fall In The Last 10 Sessions
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(VIANEWS) - Platinum (PL) has been up by 5.97% for the last 10 sessions. At 17:52 EST on Thursday, 14 September, Platinum (PL) is $910.50.

Volume

Today's last reported volume for Platinum is 22170, 99.99% below its average volume of 9184291846.13.

Volatility

Platinum's last week, last month's, and last quarter's current intraday variation average was 0.39%, 0.45%, and 1.22%, respectively.

Platinum's highest amplitude of average volatility was 1.22% (last week), 1.23% (last month), and 1.22% (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 DailyForex on Tuesday, 12 September, "Higher Crude Oil Price and a Potential Reaction in the USD/CADLast week's high in the USD/CAD took place after the higher prices of WTI Crude Oil had already been produced earlier in the week."
  • According to FXStreet on Tuesday, 12 September, " Looking ahead, oil traders await the API Weekly Crude Oil Stock and EIA Crude OilStocksChange data for the week ending September 8 due on Wednesday. "
  • According to FXStreet on Tuesday, 12 September, "The performance of exchange-traded funds such as the United States Oil Fund NYSEARCA: USO and ProShares K 1 Free Crude Oil Strategy ETF (BATS: OILK) illustrate the broad industry-wide rally in the past couple of weeks."

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.