Palladium Futures Drops By 12% In The Last 21 Sessions

(VIANEWS) – Palladium (PA) has been up by 12.98% for the last 21 sessions. At 04:53 EST on Monday, 13 November, Palladium (PA) is $972.00.

Volume

Today’s last reported volume for Palladium is 55, 99.99% below its average volume of 4132608046.07.

Volatility

Palladium’s last week, last month’s, and last quarter’s current intraday variation average was a negative 3.59%, a negative 0.53%, and a positive 1.46%, respectively.

Palladium’s highest amplitude of average volatility was 3.59% (last week), 1.33% (last month), and 1.46% (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 overbought (>=80).

News about

  • Crude oil looking to firm up a bounce from $76. According to FXStreet on Saturday, 11 November, "US Crude Oil stocks declined sharply last month, but the drawdown is larger a result of oil refiners capitalizing on soaring oil prices, and Crude Oil stocks continue to rebound almost as quickly as they declined.", "West Texas Intermediate (WTI) Crude Oil prices have rebounded 2.8% on Friday, climbing from a daily low of $75.35 and testing into $77.50 heading towards the close after a rough week that has seen WTI shed 8.61% peak-to-trough."
  • WTI crude oil: weekly forecast 12th November – 18th November – 12 November 2023. According to DailyForex on Sunday, 12 November, "While nations certainly hold Crude Oil in reserves for security and future use, buying has not been done with any sense of urgency.", "A fall below the 73.000 price looks dangerous technically for Crude Oil and could ignite additional speculative selling positions. "

More news about Palladium (PA).

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