Palladium Futures Is 15% Down In The Last 21 Sessions

(VIANEWS) – Palladium (PA) has been up by 15.53% for the last 21 sessions. At 13:51 EST on Friday, 10 November, Palladium (PA) is $957.50.

Volume

Today’s last reported volume for Palladium is 1400, 99.99% below its average volume of 4009104851.53.

Volatility

Palladium’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.47%, a negative 0.14%, and a positive 1.35%, respectively.

Palladium’s highest amplitude of average volatility was 1.48% (last week), 1.07% (last month), and 1.35% (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 Thursday, 9 November, "West Texas Intermediate (WTI) Crude Oil prices struggle to register any meaningful recovery on Thursday and remain on the defensive for the third straight day. ", "The aforementioned fundamental backdrop seems tilted in favour of bearish traders and suggests that the path of least resistance for Crude Oil prices is to the downside. "
  • Crude oil forecast: gets hit by upcoming recession – 08 November 2023. According to DailyForex on Wednesday, 8 November, "Looking at the West Texas Intermediate Crude Oil market, it initially faced significant downward pressure but displayed signs of life near the $79 mark. "
  • Crude oil falling back, WTI hits $75. According to FXStreet on Wednesday, 8 November, "By the API’s count, 11.9 million barrels showed up in the US Crude Oil supply stream for the week into November 2nd, a significant jump over the previous week’s 1.347 million barrel building.", "WTI’s Wednesday decline sees Crude Oil extending a bearish slide after smashing through the 200-day Simple Moving Average (SMA) near $78.00, making a clean break and heading straight into bear country at the $75.00 handle."

More news about Palladium (PA).

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