Palladium (XPDUSD) Up $3.77 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Entered Today Up 0.2%

Palladium 4 Hour Price Update

Updated June 19, 2020 07:18 AM GMT (03:18 AM EST)

Palladium entered the current 4 hour candle at $1925, up 0.2% ($3.77) from the last 4 hour candle. Relative to other instruments in the metals asset class, Palladium ranked 2nd since the last 4 hour candle in terms of percentage price change.

Palladium Daily Price Recap

The back and forth price flow continues for Palladium, which started today off at 1925 US dollars, up 0.2% ($3.77) from yesterday. Relative to other instruments in the metals asset class, Palladium ranked 2nd since yesterday in terms of percentage price change. 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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 30 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 up 5 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Palladium for the past day were:

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Open: $1941.3 USD per oz 2020-06-18 08:30:18 HKT

  • From palladiumtweets:

    Hong Kong #Palladium #Price Morning Session Open: $1933.5 USD per oz 2020-06-17 08:30:18 HKT

  • From palladiumtweets:

    New York Comex #Palladium #Price Open: $1921.5 USD per oz 2020-06-18 08:20:18 EDT