Palladium Futures Slides By 6% In The Last 10 Sessions

(VIANEWS) – Palladium (PA) has been up by 6.13% for the last 10 sessions. At 23:55 EST on Thursday, 6 June, Palladium (PA) is $934.00.

Volume

Today’s last reported volume for Palladium is 166, 99.99% below its average volume of 3386331928.19.

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 attempts to shrug off supplies buildup, WTI claws back to $74. According to FXStreet on Wednesday, 5 June, "US Crude Oil tested into its lowest bids since February, and the upside is looking thin.", "Daily candlesticks closed in the red for the last five consecutive trading days, and meagre grains represent the best Crude Oil bidders can do."
  • According to FXStreet on Thursday, 6 June, "The upside of Oil prices could be limited as the US Energy Information Administration (EIA) Crude Oil Stocks Change showed that crude Oil inventories increased by 1.233 million barrels in the week ending May 31. "
  • According to FXStreet on Thursday, 6 June, "At the time of writing, Crude Oil (WTI) trades at $74.23 and Brent Crude at $78.60"
  • Crude oil extends recovery, WTI tests $75.50. According to FXStreet on Thursday, 6 June, "The American Petroleum Institute (API) and the Energy Information Administration (EIA) confirmed another sharp buildup in US Crude Oil supplies this week, with barrel counts rising steeply from previous drawdowns that failed to stem the flow of US-produced barrels. ", "WTI has extended into a two-day recovery, climbing from a near-term bottom of $72.45, but US Crude Oil remains steeply off of recent levels, trading on the low side of the 200-day Exponential Moving Average (EMA) at $78.78."

More news about Palladium (PA).

Leave a Reply

Your email address will not be published. Required fields are marked *