Palladium Futures Bearish By 9% In The Last 10 Sessions

(VIANEWS) – Palladium (PA) has been up by 9.18% for the last 10 sessions. At 17:52 EST on Thursday, 18 July, Palladium (PA) is $925.00.

Volume

Today’s last reported volume for Palladium is 4201, 99.99% below its average volume of 3302956455.38.

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).

Previous days news about Palladium (PA)

  • Palladium and platinum are on the roll – TDS. According to FXStreet on Wednesday, 17 July, "Our advanced positioning analytics suggest CTAs are back on the bid in PGMs, as the recovery in prices catalyzes buying programs in both Platinum and Palladium, raising the odds of a renewed leg higher in Palladium prices.", "The squeeze on systematic Palladium shorts may still have some room to run."

News about

  • Crude oil extends declines on Chinese demand concerns, WTI falls below $80. According to FXStreet on Tuesday, 16 July, "After spending most of 2024 waiting for an uptick in Chinese Crude Oil demand, barrel traders have flipped to concerns that limited Chinese growth won’t provide enough barrel demand to eat up overhang in global markets.", "West Texas Intermediate (WTI) Crude Oil fell on Tuesday as barrel traders grow fearful at the prospect of a slowdown in Chinese demand for fossil fuels. "

More news about Palladium (PA).

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