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Palladium Futures Bearish Momentum With A 7% Fall In The Last 10 Sessions

(VIANEWS) – Palladium (PA) has been up by 7.33% for the last 10 sessions. At 14:50 EST on Tuesday, 30 April, Palladium (PA) is $961.50.

Volume

Today’s last reported volume for Palladium is 4837, 99.99% below its average volume of 3537445958.78.

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

  • According to FXStreet on Monday, 29 April, "The hawkish outlook, meanwhile, remains supportive of the underlying bullish tone around the US Dollar (USD) and might continue to weigh on Crude Oil prices.", "This comes after Russia announced more export and production cuts earlier this year, which, along with little signs of de-escalation of tensions in the Middle East, keep supply risks in play and should help limit any meaningful downside for Crude Oil prices."
  • According to FXStreet on Tuesday, 30 April, "Apart from this,the API Weekly Crude Oil Stock for the week ending April 26 will be released."

More news about Palladium (PA).

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