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Platinum Futures Bullish Momentum With A 10% Jump In The Last 21 Sessions

ViaNews Editorial Team

December 29, 2023

Platinum Futures Bullish Momentum With A 10% Jump In The Last 21 Sessions
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(VIANEWS) - Platinum (PL) has been up by 10.31% for the last 21 sessions. At 07:51 EST on Friday, 29 December, Platinum (PL) is $1,021.60.

Volume

Today's last reported volume for Platinum is 5490, 99.99% below its average volume of 8396498954.02.

Volatility

Platinum's last week, last month's, and last quarter's current intraday variation average was 0.78%, 0.78%, and 1.37%, respectively.

Platinum's highest amplitude of average volatility was 0.91% (last week), 1.24% (last month), and 1.37% (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 Thursday, 28 December, " Oil traders will keep an eye on the EIA Crude Oil Stocks Change report, due on Thursday. "
  • Crude oil eases despite red sea tensions, WTI slips back towards $74.00. According to FXStreet on Wednesday, 27 December, "US Crude Oil continues to trade on the north side of the 200-hour SMA, but the gap is closing quickly with the 200-day SMA rising into $73.50.", "The API Weekly Crude Oil Stocks count last posted a 939K barrel increase last week while the EIA Crude Oil Stocks Change last showed a buildup of nearly three million barrels, and is forecast to print a -2.6 million barrels reduction for the week ended December 22."

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.