(VIANEWS) - Palladium (PA) has been up by 2.63% for the last 5 sessions. At 10:55 EST on Tuesday, 6 February, Palladium (PA) is $962.50.
Volume
Today's last reported volume for Palladium is 1895, 99.99% below its average volume of 3774806765.55.
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 crude oil weekly forecast: mid-term support challenged as risks escalate - 04 February 2024. According to DailyForex on Sunday, 4 February, "While it might seem absurd to many traders that Crude Oil prices could actually move lower tomorrow it isn't out of the realm of possibility. ", "A move above the 73.000 level that is sustained early tomorrow would show some nervousness has been delivered, but WTI Crude Oil will have to penetrate the 74.000 and 75.000 USD levels to prove that a change has started to take place in the outlook of large players again. "
- Crude oil forecast: crude falls after NFP jobs number surprises - 05 February 2024. According to DailyForex on Monday, 5 February, "The West Texas Intermediate Crude Oil Market has been particularly affected by this downward trend. "
- According to FXStreet on Monday, 5 February, "West Texas Intermediate (WTI) US Crude Oil prices extend last week's rejection slide from the 100-day Simple Moving Average (SMA), around the $79.20 area, or the YTD peak, and drift lower for the fourth successive day on Monday. ", "This continues to act as a tailwind for the US Dollar (USD) and turns out to be a key factor undermining demand for dollar-denominated commodities, including Crude Oil prices. "
- According to FXStreet on Tuesday, 6 February, "West Texas Intermediate (WTI) US Crude Oil prices struggle to gain any meaningful traction on Tuesday and oscillate in a narrow range through the mid-European session. ", "Apart from this, concerns about a weaker demand outlook, amid persistent worries about slowing economic growth in China, further contribute to cap gains for Crude Oil prices."
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