Palladium Futures Over 7% Down In The Last 21 Sessions

(VIANEWS) – Palladium (PA) has been up by 7.58% for the last 21 sessions. At 14:52 EST on Tuesday, 7 May, Palladium (PA) is $975.00.

Volume

Today’s last reported volume for Palladium is 3469, 99.99% below its average volume of 3530285158.89.

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

  • Crude oil continues to soften on middle east ceasefire talks, WTI falls to $78. According to FXStreet on Monday, 6 May, "Recent bearish sentiment in Crude Oil has sent WTI further down from the 200-hour Exponential Moving Average (EMA) at $80.43, and US Crude Oil prices are down 3% in May.", "Details are still forthcoming, but negotiations between Israel and Hamas have tilted towards a resolution, dragging down barrel bids that have spent months churning higher on broad-market concerns of a conflict spilling over into neighboring countries and threatening global Crude Oil markets."
  • According to FXStreet on Tuesday, 7 May, "However, battered Crude Oil markets and floundering barrel prices limit the CAD’s ability to find higher ground."

More news about Palladium (PA).

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