Copper (HG1) Down $0.05 On 4 Hour Chart; Entered Today Down 1.64%
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Metals News
Last Updated October 29, 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, Palladium, and Gold. The chart below illustrates. Note that Palladium made an especially large and surprising move over the past day.
Trend News
On a 90 day basis, the strongest trend appears on Palladium.Moving Averages In The Metals World
For those who pay attention to moving averages, Gold may be of particular interest. It crossed its 20 and 100 day moving averages. Outside of Gold, other pairs that crossed notable moving average levels include Platinum and Palladium; they crossed their 20 and 50 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that Copper has perhaps the strongest trend. See the chart below.
Palladium (XPDUSD) Down $40.87 On 4 Hour Chart, Price Base in Formation Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Platinum (XPTUSD) Down $31.81 Over Past 4 Hours, Entered Today Down 3.09%; Pin Bar Pattern Appearing on Chart
Those trading within the metals asset class should know that platinum was the worst performer in the class today.
Silver (XAGUSD) Down $0.26 On 4 Hour Chart, And A Story About Each Other; Nears 20 Day Moving Average
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Gold (XAUUSD) Up $0.9 in Last 4 Hours, Tops All metals; Started Today Up 0.12%
Gold outperformed all 5 assets in the metals asset class since the day prior.
Copper (HG1) Down $0.02 On 4 Hour Chart, Fares the Worst Out of metals; Started Today Down 0.73%
Those trading within the metals asset class should know that copper was the worst performer in the class today.
Palladium (XPDUSD) Up $19.49 in Last 4 Hours, Started Today Up 0.82%; in an Uptrend Over Past 90 Days
Out of the 5 instruments in the metals asset class, palladium ended up ranking 2nd for the day in terms of price change relative to yesterday.
Silver (XAGUSD) Down $0.17 in Last 4 Hours; Entered Today Down For the 2nd Straight Day
Out of the 5 instruments in the metals asset class, silver ended up ranking 4th for the day in terms of price change relative to the day prior.
Platinum (XPTUSD) Up $16.83 Over Past 4 Hours, Tops All metals; Started Today Up 1.9%
Platinum outperformed all 5 assets in the metals asset class since the day prior.
Gold (XAUUSD) Down $3.25 in Last 4 Hours, Started Today Down 0.17%; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the metals asset class, gold ranked 3rd since the day prior in terms of percentage price change.