Palladium (XPDUSD) Up $43.18 On 4 Hour Chart, Started Today Up 1.98%; in an Uptrend Over Past 30 Days
Out of the 5 instruments in the metals asset class, palladium ended up ranking 4th for the day in terms of price change relative to the day prior.
Metals News
Last Updated August 11, 2020 at 1:50 GMT
The instruments in the metals asset class that made the biggest moves, on a percentage basis, over the past day were Silver, Copper, and Platinum. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
Trend News
Over the past two weeks, the strongest trend has been on Silver. Alternatively, on a 90 day basis, the strongest trend appears on Copper. Price action traders will also want to note that a base appears to be forming on Palladium. Price bases often precede increases in volatility and a clear trend.Moving Averages In The Metals World
From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Silver has perhaps the strongest trend. See the chart below.
Copper (HG1) Up $0.08 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Entered Today Up 2.71%
Relative to other instruments in the metals asset class, copper ranked 2nd since the day prior in terms of percentage price change.
Platinum (XPTUSD) Up $24.82 in Last 4 Hours, Started Today Up 2.58%; in an Uptrend Over Past 30 Days
Out of the 5 instruments in the metals asset class, platinum ended up ranking 3rd for the day in terms of price change relative to yesterday.
Silver (XAGUSD) Up $0.79 On 4 Hour Chart, And A Story About Srsrocco; Tops All metals
Or to view things another way, note that out of the past 10 days silver’s price has gone up 5 them.
Gold (XAUUSD) Down $5.4 in Last 4 Hours, And A Story About Silver; Entered Today Down For the 2nd Day In A Row
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Copper (HG1) Down $0.12 Over Past 4 Hours, And A Link About Contact Information; Makes Big Move Relative to Two Week Trend
Relative to other instruments in the metals asset class, copper ranked 4th since yesterday in terms of percentage price change.
Platinum (XPTUSD) Down $36.19 Over Past 4 Hours, 5 Day Up Streak Snapped; Bearish Engulfing Pattern Present
For another vantage point, consider that platinum’s price has gone up 7 of the previous 10 trading days.
Palladium (XPDUSD) Down $45.12 Over Past 4 Hours, 3 Day Up Streak Broken; in an Uptrend Over Past 30 Days
Relative to other instruments in the metals asset class, palladium ranked 2nd since yesterday in terms of percentage price change.
Silver (XAGUSD) Down $1.33 Over Past 4 Hours, And A Story About Tom Metales; Pin Bar Pattern Appearing on Chart
Typically in the past, when the silver price enjoyed a price increase, it occurred as the commercials increase their net short posting.
Gold (XAUUSD) Down $34.2 Over Past 4 Hours, And A Link About Kieran Clancy; Bearish Engulfing Pattern Present
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