Palladium Futures Bearish By 4% In The Last 10 Sessions

(VIANEWS) – Palladium (PA) has been up by 4.08% for the last 10 sessions. At 11:50 EST on Wednesday, 24 April, Palladium (PA) is $1,014.50.

Volume

Today’s last reported volume for Palladium is 2202, 99.99% below its average volume of 3530285125.18.

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

  • WTI back over $83 as crude oil sees additional volatility. According to FXStreet on Tuesday, 23 April, "The day’s late-stage rally brought US Crude Oil prices just above the 200-hour Exponential Moving Average (EMA).", "West Texas Intermediate (WTI) US Crude Oil started Tuesday on the low side, falling below $81.00 per barrel before a broad-market recovery in risk appetite dragged barrel bids into a fresh high above $83.00. "
  • WTI churns close to $82.00 as crude oil tries to stop the slide. According to FXStreet on Monday, 22 April, "Despite declining for all but three of the last 12 consecutive trading days, US Crude Oil continues to trade above the 200-day EMA near $79.00. ", "West Texas Intermediate (WTI) US Crude Oil is exploring the low side of the $82.00 handle after declining from a near-term peak near $87.00. "
  • According to FXStreet on Wednesday, 24 April, "This reduces the risk premium from markets and acts as a headwind for Crude Oil prices. ", "Apart from this, the release of the US Durable Goods Orders might influence the USD and produce short-term trading opportunities around Crude Oil prices. "

More news about Palladium (PA).

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