Palladium Futures Jumps By 12% In The Last 21 Sessions

(VIANEWS) – Palladium (PA) has been up by 12.74% for the last 21 sessions. At 20:50 EST on Wednesday, 13 March, Palladium (PA) is $1,071.00.

Volume

Today’s last reported volume for Palladium is 23, 99.99% below its average volume of 3621933138.76.

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 staggers on Tuesday as bullish momentum gets cut short by EIA forecast shift. According to FXStreet on Tuesday, 12 March, "The EIA upped its forecast on Brent Crude Oil prices to average $87.00 per barrel, up over 5% from the previous month’s forecast of $82 per barrel. ", "US Crude Oil is trading back from last week’s peak bids near $80.25, and WTI set a fresh near-term low on Monday around $76.50."
  • According to FXStreet on Wednesday, 13 March, "West Texas Intermediate (WTI) US Crude Oil prices come under some selling pressure and remain depressed through the first half of the European session on Wednesday. ", "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."

More news about Palladium (PA).

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