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Palladium Futures Drops By 9% In The Last 21 Sessions

ViaNews Editorial Team

October 16, 2023

Palladium Futures Drops By 9% In The Last 21 Sessions
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(VIANEWS) - Palladium (PA) has been up by 9.93% for the last 21 sessions. At 11:51 EST on Monday, 16 October, Palladium (PA) is $1,143.50.

Volume

Today's last reported volume for Palladium is 1845, 99.99% below its average volume of 4212465112.74.

Volatility

Palladium's last week, last month's, and last quarter's current intraday variation average was a positive 0.78%, a negative 0.09%, and a positive 1.50%, respectively.

Palladium's highest amplitude of average volatility was 2.44% (last week), 1.54% (last month), and 1.50% (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 overbought (>=80).

News about

  • According to FXStreet on Monday, 16 October, "West Texas Intermediary (WTI) Crude Oil prices reverse a modest Asian session dip to the $85.80 area and move back closer to a one-and-half-week high touched earlier this Monday. ", "Worries about tightening global supply, along with a forecast that global inventories will decline through the fourth quarter, might continue to lend some support to Crude Oil prices and favour bulls."
  • According to FXStreet on Monday, 16 October, "Such developments are seen as a potential tailwind for Crude Oil prices, as concerns over supply disruptions contribute to market uncertainties."

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.