Palladium (XPDUSD) Fares the Worst Out of metals, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart

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 1958.16736 US dollars, down 9.52% ($205.92664) since the previous day. Those trading within the metals asset class should know that Palladium was the worst performer in the class today. Below is a daily price chart of Palladium.

Palladium Technical Analysis

Volatility for Palladium has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 8 out of the past 14 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

Behold! Here are the top tweets related to Palladium:

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Close: $2149.9 USD per oz 2020-04-20 14:30:23 HKT

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Close: $2100.3 USD per oz 2020-04-21 14:30:23 HKT

  • From palladiumtweets:

    New York Comex #Palladium #Price Open: $1888.3 USD per oz 2020-04-21 08:20:23 EDT