(VIANEWS) – Palladium (PA) has been up by 23.07% for the last 21 sessions. At 10:54 EST on Friday, 19 January, Palladium (PA) is $938.50.
Volume
Today’s last reported volume for Palladium is 1526, 99.99% below its average volume of 3750453164.31.
Volatility
Palladium’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.87%, a negative 0.41%, and a positive 1.75%, respectively.
Palladium’s highest amplitude of average volatility was 1.58% (last week), 1.11% (last month), and 1.75% (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
- WTI dips to $70.60 and rebounds as geopolitical risks continue to plague crude oil markets. According to FXStreet on Wednesday, 17 January, "With Chinese growth failing to hit market expectations, concerns are mounting that China’s demand for fossil fuels will decline looking forward, widening the gap between global demand for Crude Oil and current production rates that are already outpacing demand despite steep production cuts from the Organization for the Petroleum Exporting Countries (OPEC).", "With US production continuing to increase Crude Oil production into new all-time highs, OPEC is going to have to commit to even steeper production caps moving forward, a move that will become increasingly undesirable for smaller member states within the oil cartel who are already depressing Crude Oil output as much as their government budgets can afford."
- Crude oil forecast – crude oil markets continue to be noisy – 18 January 2024. According to DailyForex on Thursday, 18 January, "In the case of WTI Crude Oil, the market saw early declines on Wednesday, reflecting the ongoing turbulence in Crude Oil prices. ", "At the end of the day, the crude oil market remains within a consolidation range, with WTI Crude Oil and Brent both navigating between support and resistance levels. "
- According to FXStreet on Thursday, 18 January, "The American Petroleum Institute (API) reported a surprising increase in Weekly Crude Oil Stock to 0.483 million barrels for the week ending on January 12, contrary to the expected decline of 2.4 million barrels. ", "The Energy Information Administration (EIA) is set to release the Crude Oil Stocks Change report later in the North American session. "
More news about Palladium (PA).
