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Palladium Futures Bearish Momentum With A 12% Drop In The Last 21 Sessions

ViaNews Editorial Team

November 14, 2023

Palladium Futures Bearish Momentum With A 12% Drop In The Last 21 Sessions

(VIANEWS) - Palladium (PA) has been up by 12.14% for the last 21 sessions. At 19:53 EST on Monday, 13 November, Palladium (PA) is $970.00.

Volume

Today's last reported volume for Palladium is 2424, 99.99% below its average volume of 4108269955.7.

Volatility

Palladium's last week, last month's, and last quarter's current intraday variation average was a negative 3.59%, a negative 0.53%, and a positive 1.46%, respectively.

Palladium's highest amplitude of average volatility was 3.59% (last week), 1.33% (last month), and 1.46% (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

  • WTI crude oil: weekly forecast 12th November - 18th November - 12 November 2023. According to DailyForex on Sunday, 12 November, "This highlights that supply remains quite stable and that large players in the energy sector are not as nervous as the 'talking heads' in the media regarding WTI Crude Oil.WTI Crude Oil Weekly Outlook:", "While nations certainly hold Crude Oil in reserves for security and future use, buying has not been done with any sense of urgency."
  • According to FXStreet on Monday, 13 November, "However, West Texas Intermediate (WTI) Crude Oil pricepullsback and tradesbelow 76.50 at the time of writing. "
  • Crude oil looking to firm up a bounce from $76. According to FXStreet on Saturday, 11 November, "US Crude Oil stocks declined sharply last month, but the drawdown is larger a result of oil refiners capitalizing on soaring oil prices, and Crude Oil stocks continue to rebound almost as quickly as they declined.", "West Texas Intermediate (WTI) Crude Oil prices have rebounded 2.8% on Friday, climbing from a daily low of $75.35 and testing into $77.50 heading towards the close after a rough week that has seen WTI shed 8.61% peak-to-trough."

More news about Palladium (PA).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.