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Platinum Futures Bearish Momentum With A 7% Drop In The Last 21 Sessions

ViaNews Editorial Team

February 21, 2023

Platinum Futures Bearish Momentum With A 7% Drop In The Last 21 Sessions
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(VIANEWS) - Platinum (PL) has been up by 7.75% for the last 21 sessions. At 10:54 EST on Tuesday, 21 February, Platinum (PL) is $947.50.

Volume

Today's last reported volume for Platinum is 23663, 99.99% below its average volume of 11439602208.54.

Volatility

Platinum's last week, last month's, and last quarter's current intraday variation average was a negative 1.28%, a positive 0.39%, and a positive 1.63%, respectively.

Platinum's highest amplitude of average volatility was 1.28% (last week), 1.39% (last month), and 1.63% (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

  • WTI crude oil forecast: choppy behavior in thin volume - 21 February 2023. According to DailyForex on Tuesday, 21 February, "During Monday's trading session, the West Texas Intermediate Crude Oil market rallied a bit, but we saw a lot of noisy and choppy behavior in thin volume, due to the Presidents' Day holiday. ", "In summary, during Monday's trading session, the West Texas Intermediate Crude Oil market rallied a bit, but we saw a lot of noisy and choppy behavior in thin volume. "
  • According to FXStreet on Tuesday, 21 February, "Against the backdrop of weaker Crude Oil prices, softer Canadian consumer inflation figures weigh on the commodity-linked Loonie and provide a modest lift to the USD/CAD pair."

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.