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

(VIANEWS) – Palladium (PA) has been up by 12.02% for the last 21 sessions. At 02:52 EST on Thursday, 29 June, Palladium (PA) is $1,244.00.

Volume

Today’s last reported volume for Palladium is 127, 99.99% below its average volume of 4547484902.99.

Volatility

Palladium’s last week, last month’s, and last quarter’s current intraday variation average was 1.41%, 0.50%, and 1.90%, respectively.

Palladium’s highest amplitude of average volatility was 1.41% (last week), 1.87% (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: market outlook and potential challenges – 27 June 2023. According to DailyForex on Tuesday, 27 June, "Ultimately, the WTI Crude Oil and Brent markets are currently navigating a challenging landscape marked by volatility and economic uncertainties. ", "Traders and investors should closely monitor the $70 and $75 levels for potential breakout opportunities in WTI Crude Oil while keeping an eye on the $75 and $80 levels for Brent."
  • According to FXStreet on Tuesday, 27 June, "Also important will be the API Weekly Crude Oil Stock, prior -1.246M, for the period ended on June 23."
  • According to FXStreet on Tuesday, 27 June, "For the rest of the session, the American Petroleum Institute will release Crude Oil Stocks for the week ending on June 23, which could have an additional impact on the black gold’s price dynamics."
  • According to FXStreet on Tuesday, 27 June, "It should be noted that the US Dollar Index (DXY) remains pressured for the second consecutive day, mildly offered near 102.60 at the latest, whereas prices of Gold and Crude Oil print minor gains around $1,930 and $70.00 amid cautious optimism at the latest."

More news about Palladium (PA).

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