(VIANEWS) – Palladium (PA) has been up by 2.72% for the last 5 sessions. At 16:50 EST on Thursday, 29 February, Palladium (PA) is $948.50.
Volume
Today’s last reported volume for Palladium is 2626, 99.99% below its average volume of 3633251650.4.
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
- According to FXStreet on Wednesday, 28 February, "The positive move is exclusively sponsored by a modest pickup in the US Dollar (USD) demand, though bullish Crude Oil prices might keep a lid on any further gains.", "Meanwhile, Crude Oil prices stand tall near the monthly peak touched on Tuesday and underpin the commodity-linked Loonie. "
- Crude oil rose again on Wednesday, but WTI found friction at $79.00. According to FXStreet on Wednesday, 28 February, "The consortium is trying to bolster Crude prices by stemming the tide of Crude Oil supply getting pumped into markets by non-OPEC countries, specifically the US which recently became the single largest exporter of Crude Oil to Europe.", "With inventories on the rise, the Organization of the Petroleum Exporting Countries (OPEC) has extended the first quarter’s production caps through June, and the Crude Oil cartel is formally weighing extending pumping reductions through the second quarter. "
More news about Palladium (PA).
