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Palladium Futures Over 8% Down In The Last 21 Sessions

ViaNews Editorial Team

February 7, 2024

Palladium Futures Over 8% Down In The Last 21 Sessions
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(VIANEWS) - Palladium (PA) has been up by 8.84% for the last 21 sessions. At 16:52 EST on Wednesday, 7 February, Palladium (PA) is $897.00.

Volume

Today's last reported volume for Palladium is 5052, 99.99% below its average volume of 3738393855.07.

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

  • According to FXStreet on Monday, 5 February, "West Texas Intermediate (WTI) US Crude Oil prices extend last week's rejection slide from the 100-day Simple Moving Average (SMA), around the $79.20 area, or the YTD peak, and drift lower for the fourth successive day on Monday. ", "This continues to act as a tailwind for the US Dollar (USD) and turns out to be a key factor undermining demand for dollar-denominated commodities, including Crude Oil prices. "

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.