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Palladium Futures Bearish Momentum With A 5% Slide In The Last 10 Sessions

(VIANEWS) – Palladium (PA) has been up by 5.19% for the last 10 sessions. At 08:54 EST on Thursday, 30 May, Palladium (PA) is $959.50.

Volume

Today’s last reported volume for Palladium is 2303, 99.99% below its average volume of 3426249377.3.

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

  • Crude oil eases back on Wednesday, WTI falls back below $79 per barrel. According to FXStreet on Wednesday, 29 May, "WTI US Crude Oil fell back under $80.00 per barrel on Wednesday, and crossing below the 200-day Exponential Moving Average (EMA) at $79.16. ", "West Texas Intermediate (WTI) US Crude Oil fell back on Wednesday, trimming recent gains and snapping a three-day bullish streak and falling back below $80.00 per barrel. "
  • According to FXStreet on Thursday, 30 May, "In the previous week, the API Weekly Crude Oil Stock indicated a decrease of 6.49 million barrels, contrasting with the 2.48 million barrels added in the week prior."
  • According to FXStreet on Wednesday, 29 May, "At the time of writing, Crude Oil (WTI) trades at $80.33 and Brent Crude at $84.62."

More news about Palladium (PA).

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