Palladium (XPDUSD) Up $43.68 in Last 4 Hours, Entered Today Up 1.38%; Breaks Above 20 and 50 Day Averages

Palladium 4 Hour Price Update

Updated July 01, 2020 12:59 AM GMT (08:59 PM EST)

Palladium came into the current 4 hour candle up 2.35% ($43.68) from the open of the previous 4 hours, marking the 2nd candle in a row it has gone up. On a relative basis, the current 4 hour candle were pretty good: Palladium bested all 5 of the assets in the metals class 🙂

Palladium Daily Price Recap

Palladium closed the day prior up 1.38% ($26.32); this denotes the 3rd day in a row an upward move has occurred. Relative to other instruments in the metals asset class, Palladium ranked 2nd since the day prior in terms of percentage price change. 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 down 8 of the previous 14 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:

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

  • From palladiumtweets:

    New York Comex #Palladium #Price Open: $1916.6 USD per oz 2020-06-30 08:20:18 EDT