Palladium Futures Bearish By 7% In The Last 21 Sessions

(VIANEWS) – Palladium (PA) has been up by 7.88% for the last 21 sessions. At 02:50 EST on Wednesday, 7 June, Palladium (PA) is $1,408.50.

Volume

Today’s last reported volume for Palladium is 88, 99.99% below its average volume of 4694375343.17.

Volatility

Palladium’s last week, last month’s, and last quarter’s current intraday variation average was a positive 1.91%, a negative 0.32%, and a positive 2.08%, respectively.

Palladium’s highest amplitude of average volatility was 1.91% (last week), 1.98% (last month), and 2.08% (last quarter), respectively.

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)."

News about

  • 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."
  • According to FXStreet on Monday, 5 June, "In doing so, the Indian Rupee (INR) pair cheers the US Dollar strength, as well as downbeat sentiment and the firmer Crude Oil price to propel the pair of late.", "Adding strength to the USD/INR pair could be the latest strength of the WTI Crude Oil and the risk-off mood, led by the fears of the US-China tussle and the Russia-Ukraine war."

More news about Palladium (PA).

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