Palladium prices have come under renewed pressure and have been dragged down to new cycle lows, with several analysts now closely monitoring to see whether the precious metal will find its footing. Hedgeye, in a chart posted, noted the precious metal had shed 8.3% in the past month and remained “uninspiring in PALL terms.” Meanwhile,…
The palladium price moved back into a major support area as traders watched whether the latest decline would turn into a deeper breakdown or a failed move below range lows. The charts shared by analysts showed price trading near the $1,350 region after losing momentum from earlier highs. The technical weakness came as China’s palladium…