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Platinum Futures Bullish Momentum With A 3% Jump In The Last 5 Sessions

ViaNews Editorial Team

August 20, 2024

Platinum Futures Bullish Momentum With A 3% Jump In The Last 5 Sessions
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(VIANEWS) - Platinum (PL) has been up by 3.76% for the last 5 sessions. At 02:54 EST on Tuesday, 20 August, Platinum (PL) is $966.30.

Volume

Today's last reported volume for Platinum is 2161, 99.99% below its average volume of 7160351946.17.

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 Monday, 19 August, "That said, a softer tone around Crude Oil prices could undermine the commodity-linked Loonie and hold back traders from placing fresh bearish bets ahead of this week's data/central bank event risk.", "Furthermore, geopolitical developments in the Middle East, which tend to drive Crude Oil prices, should provide some impetus to the USD/CAD pair and determine the next leg of a directional move."
  • According to FXStreet on Monday, 19 August, "At the time of writing, Crude Oil (WTI) trades at $75.03 and Brent Crude at $78.71"

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.