Palladium Futures Jumps By 3% In The Last 10 Sessions

(VIANEWS) – Palladium (PA) has been up by 3.7% for the last 10 sessions. At 11:53 EST on Friday, 23 August, Palladium (PA) is $938.50.

Volume

Today’s last reported volume for Palladium is 6178, 99.99% below its average volume of 3199928603.85.

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).

Previous days news about Palladium (PA)

  • Palladium: some pressure off the discretionary short – TDS. According to FXStreet on Thursday, 22 August, "The short-squeeze play in Palladium markets is still on, but we now see some time-decay on the horizon, TDS Senior Commodity Strategist Daniel Ghali notes.", "However, discretionary traders now hold a larger short position than algos in Palladium markets. "

News about

  • According to FXStreet on Thursday, 22 August, "At the time of writing, Crude Oil (WTI) trades at $72.60and Brent Crude at $76.33"
  • According to FXStreet on Wednesday, 21 August, "Apart from this, the prevalent US Dollar (USD) selling bias, fueled by the growing acceptance that the Federal Reserve (Fed) will begin its rate-cutting cycle in September, could lend some support to Crude Oil prices and help limit further losses. ", "This, in turn, will drive the USD and provide a fresh impetus to Crude Oil prices."

More news about Palladium (PA).

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