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Palladium Futures Bearish By 6% In The Last 10 Sessions

ViaNews Editorial Team

October 3, 2024

Palladium Futures Bearish By 6% In The Last 10 Sessions
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(VIANEWS) - Palladium (PA) has been up by 6.9% for the last 10 sessions. At 08:50 EST on Thursday, 3 October, Palladium (PA) is $985.50.

Volume

Today's last reported volume for Palladium is 1463, 99.99% below its average volume of 3156490760.2.

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

  • Crude oil nosedives, shrugging off Israeli ground incursion into Lebanon. According to FXStreet on Tuesday, 1 October, "At the time of writing, Crude Oil (WTI) trades at $67.44 and Brent Crude at $71.15."
  • According to Zacks on Tuesday, 1 October, "Invesco DB Oil Fund (DBO Quick QuoteDBO - Free Report) , ProShares K-1 Free Crude Oil Strategy ETF (OILK Quick QuoteOILK - Free Report) and United States 12 Month Oil Fund LP (USL Quick QuoteUSL - Free Report) are some of the oil ETFs that should be closely tracked in the current scenario."

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.