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Palladium Futures Over 16% Down In The Last 21 Sessions

ViaNews Editorial Team

January 23, 2024

Palladium Futures Over 16% Down In The Last 21 Sessions
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(VIANEWS) - Palladium (PA) has been up by 16.4% for the last 21 sessions. At 13:50 EST on Tuesday, 23 January, Palladium (PA) is $950.50.

Volume

Today's last reported volume for Palladium is 2489, 99.99% below its average volume of 3824475230.43.

Volatility

Palladium's last week, last month's, and last quarter's current intraday variation average was a positive 1.24%, a negative 0.13%, and a positive 1.78%, respectively.

Palladium's highest amplitude of average volatility was 1.99% (last week), 1.30% (last month), and 1.78% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Palladium's commodity is considered to be oversold (<=20).

News about

  • Crude oil forecast - crude oil continues to attempt to discern directionality - 22 January 2024. According to DailyForex on Monday, 22 January, "Looking specifically at the West Texas Intermediate (WTI) Crude Oil Market, it attempted a modest rally during Friday's trading session. "
  • According to FXStreet on Tuesday, 23 January, "Market participants will likely watch the upcoming Crude Oil Stock data closely, with the American Petroleum Institute (API) set to release its report for the week ending on January 19 on Tuesday. ", "This will be followed by the Crude Oil Stocks Change data from the US Energy Information Administration (EIA) scheduled for Wednesday."
  • WTI crude oil weekly forecast - steady range trading and polite price action - 21 January 2024. According to DailyForex on Sunday, 21 January, "WTI Crude Oil prices going into the weekend only a stone's throw away from the 73.000 USD level indicates buyers understand there is plenty of supply of the commodity.", "If Red Sea shipping news remains calm before the Crude Oil markets open, this could allow for a test below the 73.000 realm once again. "

More news about Palladium (PA).

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.