Palladium (XPDUSD) Up $17.9 On 4 Hour Chart, And A Link About Coronavirus Infections; Outperforms All metals

Palladium Daily Price Recap

The end of a 3 day negative run has come for Palladium, which finished yesterday up 0.97% ($17.9). Palladium outperformed all 5 assets in the metals asset class since yesterday. Below is a daily price chart of Palladium.

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 another vantage point, consider that Palladium’s price has gone down 6 of the previous 10 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Palladium:

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Close: $1885.7 USD per oz 2020-06-29 14:30:18 HKT

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Open: $1883.1 USD per oz 2020-06-29 08:30:18 HKT

  • From palladiumtweets:

    New York Comex #Palladium #Price Open: $1908.8 USD per oz 2020-06-29 08:20:18 EDT

As for a news story related to Palladium getting some buzz:

Palladium price gains as South African mines coronavirus cases rise

Palladium price is up slightly as traders reflect on the rising coronavirus infections in South Africa and the ongoing recovery in Asia….On the other hand, palladium is both a precious metal and industrial metal….This has affected the demand for palladium….The palladium price is trading at $1,850.