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…
Palladium continued to be in a tight range as sellers weighed in on XPD/USD to trade it to the bottom side of the range. The common charts ranged from around $1239 to $1264, based on the market feed, while the spot data recorded losses exceeding 2% during the trading session. It joined a wider sell-off…