Palladium Futures Bearish By 8% In The Last 21 Sessions

(VIANEWS) – Palladium (PA) has been up by 8.26% for the last 21 sessions. At 23:50 EST on Wednesday, 5 July, Palladium (PA) is $1,244.00.

Volume

Today’s last reported volume for Palladium is 55, 99.99% below its average volume of 4541563702.98.

Volatility

Palladium’s last week, last month’s, and last quarter’s current intraday variation average was 1.12%, 0.33%, and 1.90%, respectively.

Palladium’s highest amplitude of average volatility was 1.12% (last week), 1.67% (last month), and 1.90% (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: markets navigate holiday trading – 05 July 2023. According to DailyForex on Wednesday, 5 July, "The West Texas Intermediate (WTI) Crude Oil market experienced a minor rally during Tuesday’s trading session. ", "The WTI Crude Oil market witnessed a modest rally during holiday trading, with the 50-Day EMA acting as a resistance level. "
  • According to FXStreet on Tuesday, 4 July, "Apart from this, a downtick in Crude Oil prices further undermines the commodity-linked Loonie and acts as a tailwind for the USD/CAD pair, though subdued US Dollar (USD) demand continues to cap the upside. ", "Despite supply woes from cuts for August by top exporters Saudi Arabia and Russia, Crude Oil prices remain on the defensive amid worries that a global economic downturn will dent fuel demand. "

More news about Palladium (PA).

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