Palladium Futures Jumps By 5% In The Last 5 Sessions

(VIANEWS) – Palladium (PA) has been up by 5.65% for the last 5 sessions. At 23:54 EST on Wednesday, 5 June, Palladium (PA) is $950.00.


Today’s last reported volume for Palladium is 303, 99.99% below its average volume of 3409503303.44.


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 extends declines as markets balk at opec+ plans to end production cuts. According to FXStreet on Tuesday, 4 June, "WTI has slid nearly 16% from 2024’s peak bids above $87.00 per barrel, and US Crude Oil bids are up a scant 2.5% from the year’s opening prices near $71.40.", "WTI tumbled to fresh multi-month lows near $72.50 on Tuesday, and US Crude Oil is grappling with chart territory south of $74.00 per barrel. "
  • Crude oil attempts to shrug off supplies buildup, WTI claws back to $74. According to FXStreet on Wednesday, 5 June, "As oil-heavy nations prepare to pivot away from OPEC+ production limits in favor of balancing their government budgets, Crude Oil markets are balking at the prospect of even further risks of oversupply as global demand fails to materialize in-line with energy market expectations.", "The Organization of the Petroleum Exporting Countries (OPEC) and its extended group of non-member ally states, OPEC+, cautioned this week that the global oil cartel is set to phasing out voluntary production cuts as Crude Oil producers grow frustrated at OPEC’s inability to engineer broad-market support for barrel prices."

More news about Palladium (PA).

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