Palladium 4 Hour Price Update

Updated August 05, 2020 03:17 PM GMT (11:17 AM EST)

Palladium entered the current 4 hour candle at $2139.27, up 2.64% ($54.98) from the previous 4 hours. Relative to other instruments in the metals asset class, Palladium ranked 3rd since the previous 4 hours in terms of percentage price change.

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 2139.27 US dollars, up 2.64% ($54.98) since the day prior. Out of the 5 instruments in the metals asset class, Palladium ended up ranking 3rd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Palladium.

Palladium Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Palladium’s price has gone up 17 of the previous 30 trading days.