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Platinum Futures Falls By 12% In The Last 21 Sessions

Platinum Futures Falls By 12% In The Last 21 Sessions
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(VIANEWS) - Platinum (PL) has been up by 12.92% for the last 21 sessions. At 05:52 EST on Wednesday, 12 June, Platinum (PL) is $953.40.

Volume

Today's last reported volume for Platinum is 5617, 99.99% below its average volume of 7457260298.72.

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, 10 June, "At the time of writing, Crude Oil (WTI) trades at $75.54 and Brent Crude at $79.80"
  • Crude oil extends recovery on renewed supply hopes, WTI breaches $77.50. According to FXStreet on Monday, 10 June, "West Texas Intermediate (WTI) US Crude Oil continued a determined recovery to kick off the trading week, with WTI bids crossing $77.50 per barrel and setting a fresh June high as energy traders pile back into fresh bullish bets of a flood of demand sopping up oversupplied Crude Oil markets.", "The API dishes out their latest Weekly Crude Oil Stocks for the week ended July 7 on Tuesday, followed by the EIA's Crude Oil Stocks Change for the same period on Wednesday."
  • According to FXStreet on Tuesday, 11 June, " Meanwhile, Crude Oil prices edge lower as OPEC ministers said that they would not increase supply if prices remained weak. "
  • Crude oil at risk of snapping recovery streak as markets head towards Wednesday’s fed showing. According to FXStreet on Tuesday, 11 June, "Despite investor sentiment drifting lower ahead of a key Fed outing on Wednesday, Crude Oil markets held steady after the American Petroleum Institute (API) reported a steeper-than-expected drawdown in Weekly Crude Oil Stocks. ", "Week-on-week Crude Oil Stocks Change counts from the Energy Information Administration (EIA) are due on Wednesday, but will likely get drowned out by a high-impact Fed showing and an update to US Consumer Price Index (CPI) inflation."

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.