Palladium Futures Bullish Momentum With A 9% Jump In The Last 5 Sessions

(VIANEWS) – Palladium (PA) has been up by 9.74% for the last 5 sessions. At 16:50 EST on Friday, 16 February, Palladium (PA) is $952.50.


Today’s last reported volume for Palladium is 5930, 99.99% below its average volume of 3652273870.96.


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, 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."
  • According to FXStreet on Thursday, 15 February, "The data might influence the US Dollar (USD) price dynamics later during the early North American session and allow traders to grab short-term opportunities around Crude Oil prices.", "The larger-than-expected build in US Crude Oil inventories, to a larger extent, overshadows a combination of factors and exerts some pressure on the black liquid. "

More news about Palladium (PA).

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