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

(VIANEWS) – Palladium (PA) has been up by 2.28% for the last 5 sessions. At 05:50 EST on Wednesday, 27 September, Palladium (PA) is $1,240.50.

Volume

Today’s last reported volume for Palladium is 580, 99.99% below its average volume of 4217558740.45.

Volatility

Palladium’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.73%, a positive 0.51%, and a positive 1.39%, respectively.

Palladium’s highest amplitude of average volatility was 0.73% (last week), 1.13% (last month), and 1.39% (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

  • Crude oil forecast: oil markets surge amid supply concerns – 25 September 2023. According to DailyForex on Monday, 25 September, "West Texas Intermediate Crude Oil MarketThe West Texas Intermediate Crude Oil market displayed significant gains on Friday as traders continued to fret about supply shortages.", "The WTI Crude Oil and Brent markets both reflect this sentiment, with the potential for further gains in the future. "
  • According to DailyForex on Tuesday, 26 September, "What seems to have happened is that the higher price of Crude Oil which helped the USD/CAD create a bearish motion for a week and a half of trading has now run directly into fragile market sentiment, causing the reversal upwards. "
  • According to FXStreet on Tuesday, 26 September, " Looking ahead, oil traders will take cues from the API and EIA weekly Crude Oil Stock for the week ending September 22. "

More news about Palladium (PA).

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