Palladium Futures Is 4% Up In The Last 5 Sessions

(VIANEWS) – Palladium (PA) has been up by 4.54% for the last 5 sessions. At 11:53 EST on Thursday, 6 June, Palladium (PA) is $940.00.


Today’s last reported volume for Palladium is 1825, 99.99% below its average volume of 3396223838.03.


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

  • Crude oil extends declines as markets balk at opec+ plans to end production cuts. According to FXStreet on Tuesday, 4 June, "OPEC+ member states, many of whom rely on Crude Oil production in order to balance their government budgets, have grown weary of carrying supply constraints championed by OPEC.", "West Texas Intermediate (WTI) US Crude Oil tumbled to fresh lows on Tuesday as energy market sentiment extended a pullback in risk appetite. "
  • Crude oil attempts to shrug off supplies buildup, WTI claws back to $74. According to FXStreet on Wednesday, 5 June, "As oil-heavy nations prepare to pivot away from OPEC+ production limits in favor of balancing their government budgets, Crude Oil markets are balking at the prospect of even further risks of oversupply as global demand fails to materialize in-line with energy market expectations.", "Daily candlesticks closed in the red for the last five consecutive trading days, and meagre grains represent the best Crude Oil bidders can do."
  • According to FXStreet on Thursday, 6 June, "The upside of Oil prices could be limited as the US Energy Information Administration (EIA) Crude Oil Stocks Change showed that crude Oil inventories increased by 1.233 million barrels in the week ending May 31. "
  • According to FXStreet on Thursday, 6 June, "At the time of writing, Crude Oil (WTI) trades at $74.23 and Brent Crude at $78.60"

More news about Palladium (PA).

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