Palladium 4 Hour Price Update
Updated November 20, 2020 01:56 AM GMT (09:56 PM EST)
The choppiness in the recent four-hour candle price action of Palladium continues; to start the current 4 hour candle, it came in at a price of 2312.59619 US dollars, down 0.71% ($16.51) since the last 4 hour candle. Out of the 5 instruments in the metals asset class, Palladium ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Palladium Daily Price Recap
The choppiness in the recent daily price action of Palladium continues; to start today, it came in at a price of 2325.09521 US dollars, down 0.17% ($4.01) since the day prior. Relative to other instruments in the metals asset class, Palladium ranked 3rd since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Palladium.
Palladium Technical Analysis
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. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 6 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.