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Platinum Futures Went Down By Over 5% In The Last 10 Sessions

ViaNews Editorial Team

September 5, 2024

Platinum Futures Went Down By Over 5% In The Last 10 Sessions
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(VIANEWS) - Platinum (PL) has been up by 5.68% for the last 10 sessions. At 02:52 EST on Thursday, 5 September, Platinum (PL) is $912.70.

Volume

Today's last reported volume for Platinum is 2777, 99.99% below its average volume of 7004692531.65.

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).

Previous days news about Platinum (PL)

  • Platinum: position sizes remain modest – TDS. According to FXStreet on Wednesday, 4 September, "Even a small reversal in prices can now spark massive CTA buying activity in Platinum markets, with CTAs potentially adding up to +60% of their max size over the coming week in this scenario. ", "However, a substantial increase in SGE Platinum volumes amid slumping prices suggests dip buyers have emerged in physical markets."

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.