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…
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,…
Palladium is once again under pressure and has not been able to break out of a falling wedge resistance trendline, with price action indicating the bears have taken control. Technical charts analyzed by market analysts display the metal trying to establish a breakout but failing as trading is fading near important resistance levels. Importantly, the…
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…
Buyers pushed palladium back up from June lows to trade near $1,300. There was a big gap in the day's trading, with demand returning near the session bottom. The metal bounced back from the afternoon slide, though, to close higher than it did last night. Technicals turned up, but significant resistance continues to cap upside.…
Platinum group metals are getting a fresh demand lift as the shift to battery electric vehicles slows and hybrid production grows faster than expected. That change matters for platinum and palladium since automakers remain their biggest end market through catalytic converter demand. New projections indicate a lower electrification trajectory in large vehicle markets. The amount…