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Palladium Futures Bearish By 3% In The Last 5 Sessions

(VIANEWS) – Palladium (PA) has been up by 3.71% for the last 5 sessions. At 05:54 EST on Friday, 24 May, Palladium (PA) is $974.50.

Volume

Today’s last reported volume for Palladium is 1188, 99.99% below its average volume of 3409503294.38.

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

  • According to FXStreet on Thursday, 23 May, "USD/CAD had been trading significantly down for the day prior to the data on the back of a mixture of higher Crude Oil prices (CAD positive), positive risk appetite (CAD positive), better-than-expected Canadian Housing data and technical chart resistance. "
  • Crude oil recedes further, WTI falls below $78 on rising supplies and cautious FOMC. According to FXStreet on Wednesday, 22 May, "West Texas Intermediate (WTI) US Crude Oil declined for a third straight day on Wednesday, falling below $78.00 per barrel once again after US Crude Oil barrel counts rose week-on-week after a previous decline. ", "WTI US Crude Oil is testing down into $77.00 per barrel, extending a near-term decline from a recent peak just above $80.00 per barrel. "
  • Crude oil backslides into the red on Thursday, WTI falls below $77 as diminishing rate cut hopes weigh. According to FXStreet on Thursday, 23 May, "EIA Crude Oil Stocks change also climbed over the same weekly period, adding 1.825 million barrels and snubbing the forecast -3.1 million drawdown. ", "According to the American Petroleum Institute (API) and the Energy Information Administration (EIA), US Crude Oil barrel counts have risen once again week-on-week, eating away at the previous week’s declines. "

More news about Palladium (PA).

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