Palladium Futures Bearish By 9% In The Last 21 Sessions

(VIANEWS) – Palladium (PA) has been up by 9.72% for the last 21 sessions. At 17:53 EST on Wednesday, 31 July, Palladium (PA) is $919.50.

Volume

Today’s last reported volume for Palladium is 5399, 99.99% below its average volume of 3296712710.72.

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

  • According to FXStreet on Monday, 29 July, "Apart from this, a modest US Dollar (USD) weakness, led by bets for an imminent start of the Federal Reserve’s (Fed) policy easing cycle, lends additional support to Crude Oil prices.", "Traders might also prefer to wait for the outcome of a two-day FOMC monetary policy meeting on Wednesday, which will play a key role in influencing the USD price dynamics and provide some meaningful impetus to Crude Oil prices. "
  • According to FXStreet on Wednesday, 31 July, "Meanwhile, the US Dollar (USD) extends the overnight pullback from a three-week peak amid dovish Federal Reserve (Fed) expectations and further benefits Crude Oil prices."
  • According to FXStreet on Wednesday, 31 July, "The US Energy Information Administration (EIA) will report the Crude Oil Stocks Change later in the North American session. "

More news about Palladium (PA).

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