Palladium Futures Is 19% Up In The Last 21 Sessions

(VIANEWS) – Palladium (PA) has been up by 19.87% for the last 21 sessions. At 16:54 EST on Friday, 8 March, Palladium (PA) is $1,031.50.

Volume

Today’s last reported volume for Palladium is 3736, 99.99% below its average volume of 3566382034.64.

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 hovers around $78.50 after recent gains on US crude oil stocks change. According to FXStreet on Thursday, 7 March, "US Energy Information Administration (EIA) showed that Crude Oil Stocks Change rose for a sixth week in a row, building by 1.367 million barrels against the expected 2.116 million barrels and 4.199 million barrels prior. ", "Additionally, US API Weekly Crude Oil Stock data reported build-in stockpiles of 0.423 million barrels, contrary to market expectations of a decrease to 2.6 million barrels from the previous 8.428 million barrels."
  • Crude oil rally falters as WTI pulls back from rise into $80.00. According to FXStreet on Wednesday, 6 March, "US Crude Oil still remains in the green for the day, up around a full percent from the day’s opening prices near $77.72, but near-term momentum rests in the hands of the sellers with an intraday technical floor at the 200-hour Simple Moving Average (SMA) near $78.00.", "According to the API late Tuesday, the US Weekly Crude Oil Stock for the week ended March 1 grew by a scant 423K barrels, down from the forecast 2.6 million increase and well below the previous week’s addition of 8.428 million barrels. "

More news about Palladium (PA).

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