Palladium (XPDUSD) Down $1.84 On 4 Hour Chart, Came Into Today Up For the 4th Straight Day; Breaks Above 20 and 50 Day Averages

Palladium 4 Hour Price Update

Updated December 21, 2020 01:58 AM GMT (09:58 PM EST)

Palladium is down 0.08% ($1.84) since the last 4 hour candle, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. Relative to other instruments in the metals asset class, Palladium ranked 4th since the last 4 hour candle in terms of percentage price change.

Palladium Daily Price Recap

Palladium closed the previous day up 0.87% ($20.39); this denotes the 4th straight day an increase has occurred. On a relative basis, today was pretty good: Palladium bested all 5 of the assets in the metals class 🙂 Below is a daily price chart of Palladium.

XPDUSD

Palladium Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Palladium crossed above its 20 and 50 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days.