(VIANEWS) – Palladium (PA) has been up by 8.36% for the last 21 sessions. At 08:50 EST on Thursday, 8 June, Palladium (PA) is $1,371.00.
Today’s last reported volume for Palladium is 636, 99.99% below its average volume of 4632033047.41.
Palladium’s last week, last month’s, and last quarter’s current intraday variation average was a positive 1.29%, a negative 0.41%, and a positive 2.09%, respectively.
Palladium’s highest amplitude of average volatility was 1.29% (last week), 1.89% (last month), and 2.09% (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).
Previous days news about Palladium (PA)
- Subdued outlook for palladium, platinum with more upside potential – commerzbank. According to FXStreet on Tuesday, 6 June, "We envisage only limited upside potential for the Palladium price and confirm our price forecast for the end of 2023 at $1,600, but have recently lowered our forecast for the end of 2024 to $1,700 (previously $2,000)."
- Crude oil forecast: continues to see negative pressure despite the OPEC cuts – 07 June 2023. According to DailyForex on Wednesday, 7 June, "At the end of the day, both the WTI Crude Oil and Brent markets witnessed significant declines, with Brent falling well below the gap formed after the production cut announcement. ", "The Brent Crude Oil market has also experienced a significant decline, falling well below the gap that formed after the weekend announcement. "
- According to FXStreet on Tuesday, 6 June, "Failure to provide a daily closing beyond the 50-day Exponential Moving Average (EMA), around $73.50 by the press time, directs WTI Crude Oil bears toward the $70.00 round figure."
More news about Palladium (PA).