Palladium Futures Bearish Momentum With A 2% Drop In The Last 5 Sessions

(VIANEWS) – Palladium (PA) has been up by 2.91% for the last 5 sessions. At 05:50 EST on Wednesday, 21 June, Palladium (PA) is $1,352.00.

Volume

Today’s last reported volume for Palladium is 428, 99.99% below its average volume of 4619762780.55.

Volatility

Palladium’s last week, last month’s, and last quarter’s current intraday variation average was 0.69%, 0.20%, and 1.88%, respectively.

Palladium’s highest amplitude of average volatility was 0.69% (last week), 1.82% (last month), and 1.88% (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: lot of noise in a well-defined range – 19 June 2023. According to DailyForex on Monday, 19 June, "The Brent Crude Oil market experienced a similar oscillation during Friday’s trading session, approaching the 50-Day EMA. "
  • Crude oil forecast: markets consolidate amid uncertainty – 20 June 2023. According to DailyForex on Tuesday, 20 June, "The Brent Crude Oil market also demonstrated oscillatory behavior during Monday’s trading session, approaching the 50-Day EMA. "
  • According to FXStreet on Wednesday, 21 June, "A sustained strength beyond will confirm the bullish double-bottom pattern and allow WTI Crude Oil price to reclaim the $74.00 mark. ", "Western Texas Intermediate (WTI) Crude Oil prices build on the overnight bounce from a three-day low and gain some positive traction during the Asian session on Wednesday. "

More news about Palladium (PA).

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