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Palladium Futures Bearish By 9% In The Last 21 Sessions

Palladium Futures Bearish By 9% In The Last 21 Sessions
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(VIANEWS) - Palladium (PA) has been up by 9.28% for the last 21 sessions. At 17:51 EST on Wednesday, 8 May, Palladium (PA) is $959.50.

Volume

Today's last reported volume for Palladium is 4292, 99.99% below its average volume of 3498417004.42.

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 Wednesday, 8 May, "Oil traders will shift their focus to the US Crude Oil Stocks Change due later on Wednesday. "
  • According to FXStreet on Tuesday, 7 May, "However, battered Crude Oil markets and floundering barrel prices limit the CAD's ability to find higher ground."
  • According to FXStreet on Wednesday, 8 May, "Oil traders willshift their focus tothe EIA Crude Oil stockpiles report duelateron Wednesday. "
  • Crude oil continues to soften on middle east ceasefire talks, WTI falls to $78. According to FXStreet on Monday, 6 May, "WTI US Crude Oil is seeing market churn near $78.50 as markets grapple with a potential ceasefire deal on the cards, and barrel bids are pricing in a near-term price floor around the $78.00 price handle.", "US Crude Oil production has edged into higher territory in recent weeks, and supply is slowly beginning to outstrip demand. "

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.