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Palladium Futures Bearish Momentum With A 8% Slide In The Last 10 Sessions

Via News Editorial Team

December 8, 2023

Palladium Futures Bearish Momentum With A 8% Slide In The Last 10 Sessions

(VIANEWS) - Palladium (PA) has been up by 8.21% for the last 10 sessions. At 10:50 EST on Friday, 8 December, Palladium (PA) is $983.50.

Volume

Today's last reported volume for Palladium is 116, 99.99% below its average volume of 3901477985.6.

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 Wednesday, 6 December, "Consequently, Crude Oil inventories fell by 4.6 million barrels, exceeding the 1.4 million foreseen."
  • Crude oil forecast: break down - 07 December 2023. According to DailyForex on Thursday, 7 December, "This trend is evident in both West Texas Intermediate (WTI) and Brent crude oil markets, reflecting growing concerns about a potential major recession and a consequent reduction in oil demand.WTI Crude Oil Market Trends", "In the WTI Crude Oil market, the downward movement has been particularly pronounced. "

More news about Palladium (PA).