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Palladium Futures Bearish By 4% In The Last 5 Sessions

(VIANEWS) – Palladium (PA) has been up by 4.5% for the last 5 sessions. At 14:51 EST on Wednesday, 20 March, Palladium (PA) is $1,015.00.

Volume

Today’s last reported volume for Palladium is 2794, 99.99% below its average volume of 3603224827.15.

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 forecast: continues to find buyers – 19 March 2024. According to DailyForex on Tuesday, 19 March, "The West Texas Intermediate Crude Oil market broke above the $81 level early during trading on Monday, as we continue to see a lot of upward pressure. "
  • Crude oil extends rally, WTI crosses above $82.00. According to FXStreet on Monday, 18 March, "Weekly Crude Oil Stocks for the week ended March 15 from the American Petroleum Institute (API) are due Tuesday, and last showed a -5.5 million barrel drawdown. ", "Despite record oil pumping amounts from countries outside of the Organization of the Petroleum Exporting Countries (OPEC), specifically the US, Crude Oil markets are broadly expected to see a medium-term to long-term supply constraint, bumping barrel costs higher."

More news about Palladium (PA).

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