Palladium Futures Bullish Momentum With A 11% Rise In The Last 21 Sessions

(VIANEWS) – Palladium (PA) has been up by 11.95% for the last 21 sessions. At 23:50 EST on Thursday, 14 March, Palladium (PA) is $1,077.00.

Volume

Today’s last reported volume for Palladium is 206, 99.99% below its average volume of 3588396732.87.

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 Wednesday, 13 March, "Market participants now look to the official US inventory data due later this Wednesday, which, along with the USD price dynamics, should provide some impetus to Crude Oil prices.", "This, along with the risk of potential supply shock stemming from conflicts in the Middle East, continues to act as a tailwind for Crude Oil prices."
  • According to FXStreet on Wednesday, 13 March, "Moreover, API Weekly Crude Oil Stock surprisingly fell in the week ending on March 8, with a decline of 5.521 million barrels, compared to an expected increase of 0.4 million barrels and the previous 0.423 million barrels. "
  • According to FXStreet on Thursday, 14 March, "According to data from the US Energy Information Administration (EIA), US Crude Oil Stocks Change decreased by 1.536 million barrels for the week ending March 8, contradicting the anticipated rise of 1.338 million barrels. ", "The API Weekly Crude Oil Stock also saw an unexpected decrease of 5.521 million barrels in the previous week, compared to the forecasted increase of 0.400 million barrels and the previous week’s 0.423 million barrels."

More news about Palladium (PA).

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