(VIANEWS) - Palladium (PA) has been up by 8.87% for the last 5 sessions. At 04:50 EST on Friday, 16 February, Palladium (PA) is $945.00.
Volume
Today's last reported volume for Palladium is 616, 99.99% below its average volume of 3667635684.51.
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 tests multi-week high before receding on supply buildup, WTI back below $77.00. According to FXStreet on Wednesday, 14 February, "Wednesday's pullback sees US Crude Oil forming a bearish rejection from the 200-day Simple Moving Average (SMA) near $77.40, and WTI is at risk of continuing to churn within a consolidation zone between the 200-day SMA and the 50-day SMA near $73.55.", "WTI slipped back below $77.00 per barrel after Energy Information Administration (EIA) barrel counts showed millions of barrels of excess Crude Oil supply piping through US markets that investors hadn't anticipated, chewing away at an overarching energy market narrative about global supply constraints that continue to fail to materialize."
- According to FXStreet on Wednesday, 14 February, "According to the API Weekly Crude Oil Stock report, Crude inventories surged by 8.52 million barrels for the week ending on February 5, surpassing market expectations of a 2.6-million-barrel increase.", "Investors are now eagerly awaiting the release of the US Energy Information Administration's Crude Oil Stocks Change data for the week ending on February 9, with expectations of a decline in stockpiles of Crude oil and its derivatives in the United States."
- WTI plunges to near $75.0 following a larger increase in US crude oil stockpiles. According to FXStreet on Thursday, 15 February, "West Texas Intermediate (WTI) Crude oil price declined following a larger-than-anticipated increase in US Crude Oil Stockpiles, which raised concerns about the demand outlook in the United States (US), the world's largest consumer of Crude oil products. ", "US Energy Information Administration showed that Crude Oil Stocks Change rose by 12.018 million barrels to 439.5 million barrels for the week ending on February 9. "
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