Palladium (XPDUSD) Up $26.32 Over Past 4 Hours, Started Today Up 1.38%; Breaks Above 20 and 50 Day Averages

Palladium Daily Price Recap

Palladium came into today up 1.38% ($26.32) from the open of yesterday, marking the 3rd day in a row an upward move has occurred. 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 yesterday. Below is a daily price chart of Palladium.

Palladium Technical Analysis

First things first: Palladium crossed above its 20 and 50 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Palladium’s price has gone up 5 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 Open: $1916.4 USD per oz 2020-06-30 08:30:18 HKT

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Close: $1930.6 USD per oz 2020-07-01 14:30:18 HKT

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Open: $1947.2 USD per oz 2020-07-01 08:30:18 HKT