Palladium (XPDUSD) Down $2.85 in Last 4 Hours, Underperforms All metals; Entered Today Down For the 2nd Straight Day

Palladium 4 Hour Price Update

Updated December 15, 2020 02:01 AM GMT (10:01 PM EST)

Palladium closed the previous 4 hours down 0.12% ($2.85); this denotes the 3rd consecutive candle it has gone down. On a relative basis, Palladium was the worst performer out of all 5 of the assets in the metals asset class the current 4 hour candle.

Palladium Daily Price Recap

Palladium closed the previous day down 1.13% ($26.12); this denotes the 2nd straight day a decrease has occurred. On a relative basis, Palladium was the worst performer out of all 5 of the assets in the metals asset class today. Let’s take a look at the daily price chart of Palladium.

XPDUSD

Palladium Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 16 out of the past 30 days.