Palladium (XPDUSD) Up $16.66 On 4 Hour Chart, Entered Today Up 1.04%; Breaks Above 50 Day Average

Palladium 4 Hour Price Update

Updated November 13, 2020 08:18 AM GMT (04:18 AM EST)

Palladium is up 0.72% ($16.66) since the previous 4 hours, marking a reversal from the candle prior — and the end of a 3 four-hour candle negative run. Out of the 5 instruments in the metals asset class, Palladium ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

Palladium Daily Price Recap

The end of a 3 day negative run has come for Palladium, which finished the previous day up 1.04% ($24.09). 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 the previous day. Here 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 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Palladium’s price has gone down 8 of the previous 14 trading days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Palladium for the past day were:

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Open: $2330.2 USD per oz 2020-11-12 08:30:18 HKT