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Palladium Futures Bullish Momentum With A 10% Jump In The Last 21 Sessions

ViaNews Editorial Team

December 16, 2023

Palladium Futures Bullish Momentum With A 10% Jump In The Last 21 Sessions

(VIANEWS) - Palladium (PA) has been up by 10.81% for the last 21 sessions. At 22:54 EST on Friday, 15 December, Palladium (PA) is $1,194.50.

Volume

Today's last reported volume for Palladium is 8352, 99.99% below its average volume of 3854056735.07.

Volatility

Palladium's last week, last month's, and last quarter's current intraday variation average was 2.62%, 0.48%, and 1.52%, respectively.

Palladium's highest amplitude of average volatility was 2.62% (last week), 1.67% (last month), and 1.52% (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 continues recovery rebound, WTI reclaims $72.50. According to FXStreet on Thursday, 14 December, "Despite this, Energy Information Administration (EIA) barrel counts unexpectedly declined this week, with a 4.259 million barrel drawdown in US Crude Oil reserves for the week ended December 8. ", "With the Fed adjusting their dot plot of interest rate expectations to include several rate cuts in 2024 broader market sentiment is on the high side, dragging WTI back above the $70.00 handle, but bearish pressure has been building into Crude Oil markets since falling from late September's highs just below the $94.00 handle."
  • According to FXStreet on Wednesday, 13 December, "The Canadian Dollar (CAD) is moderately bid on Wednesday, gaining support from a thin but noticeable relief rally in Crude Oil markets. "
  • Crude oil forecast: loses again - 13 December 2023. According to DailyForex on Wednesday, 13 December, "The West Texas Intermediate (WTI) Crude Oil market exhibited strong bearish sentiment during Tuesday's session, mirroring the prevailing negative pressure. "

More news about Palladium (PA).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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