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Palladium Futures Is 19% Up In The Last 21 Sessions

Palladium Futures Is 19% Up In The Last 21 Sessions
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(VIANEWS) - Palladium (PA) has been up by 19.87% for the last 21 sessions. At 16:54 EST on Friday, 8 March, Palladium (PA) is $1,031.50.

Volume

Today's last reported volume for Palladium is 3736, 99.99% below its average volume of 3566382034.64.

Volatility

Palladium's last week, last month's, and last quarter's current intraday variation average was 0.87%, 0.39%, and 1.89%, respectively.

Palladium's highest amplitude of average volatility was 2.22% (last week), 1.50% (last month), and 1.89% (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

  • WTI hovers around $78.50 after recent gains on US crude oil stocks change. According to FXStreet on Thursday, 7 March, "US Energy Information Administration (EIA) showed that Crude Oil Stocks Change rose for a sixth week in a row, building by 1.367 million barrels against the expected 2.116 million barrels and 4.199 million barrels prior. ", "Additionally, US API Weekly Crude Oil Stock data reported build-in stockpiles of 0.423 million barrels, contrary to market expectations of a decrease to 2.6 million barrels from the previous 8.428 million barrels."
  • Crude oil rally falters as WTI pulls back from rise into $80.00. According to FXStreet on Wednesday, 6 March, "US Crude Oil still remains in the green for the day, up around a full percent from the day's opening prices near $77.72, but near-term momentum rests in the hands of the sellers with an intraday technical floor at the 200-hour Simple Moving Average (SMA) near $78.00.", "According to the API late Tuesday, the US Weekly Crude Oil Stock for the week ended March 1 grew by a scant 423K barrels, down from the forecast 2.6 million increase and well below the previous week's addition of 8.428 million barrels. "

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.