Palladium is down to $1,765 per troy ounce, after ending yesterday at $1,787.3. Overall, a 1.25% loss or $22.3 today.
Palladium's upper Bollinger Band® is at $1,848.58 which indicates a further downward move may follow.
Overall, looking at the technical analysis landscape, it seems Palladium is likely to start pointing downward in the short term.
Taking a look at other Metals commodities, negative performances are evident as Copper is down 6.9 cents from the beginning of the session and now trades around $4.15. Gold closed at $1,916.5 (down 0.27%).
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as projections for United States Producer Price Index are set for a continuation of decline with -0.1% while previous data was 0.3%; data will be released tomorrow at 13:30 UTC. United States Core Retail Sales expected to decline to -0.4% while its preceding data was -0.2%, data will be available tomorrow at 13:30 UTC. United States Retail Sales projected to decline to -0.8% while previous data was -0.6%; data will be released tomorrow at 13:30 UTC.
After hitting an important low of $1,642.5 approximately 29 days ago, Palladium has bounced back 8.82% since.