Palladium Futures Bearish By 7% In The Last 10 Sessions

(VIANEWS) – Palladium (PA) has been up by 7.73% for the last 10 sessions. At 11:53 EST on Thursday, 5 October, Palladium (PA) is $1,149.00.

Volume

Today’s last reported volume for Palladium is 2118, 99.99% below its average volume of 4142424134.83.

Volatility

Palladium’s last week, last month’s, and last quarter’s current intraday variation average was a negative 1.95%, a positive 0.36%, and a positive 1.44%, respectively.

Palladium’s highest amplitude of average volatility was 1.98% (last week), 1.46% (last month), and 1.44% (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 overbought (>=80).

News about

  • Crude oil forecast: markets face hesitation amid production cuts – 03 October 2023. According to DailyForex on Tuesday, 3 October, "The West Texas Intermediate Crude Oil market tried to rally on Monday but couldn’t sustain its gains, similar to Friday’s performance. "
  • According to FXStreet on Wednesday, 4 October, "The weekly inventory data published by the American Petroleum Institute (API) on Tuesday showed that US Crude Oil stockpiles possibly fell as much as 4.0 million barrels last week. ", "West Texas Intermediary (WTI) Crude Oil prices struggle to capitalize on the overnight bounce from a three-week low - levels just below the $87.00/barrel mark and edges lower during the Asian session on Wednesday. "

More news about Palladium (PA).

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