Palladium Fell 12% in September, Trading at its 200-day SMA
By GCRU Gold News on Tuesday, September 23 2014, 08:59 - Permalink
Palladium is an element is used in electronics, fuel cells, and is important in filtering harmful gasses from exhausts into less harmful substances. In the past couple of months, we have seen commodity prices fall across many asset classes. Gold, silver, copper, oil, dairy etc. Palladium prices have been falling sharply as well. In the daily chart we can see that most of the year was bullish for Palladium, rising from a low on the year at 693.50 to 910.30. After this 30% gain prices fell to about 800 today (9/22), fading about 12% in September. Maybe we can expect some consolidation around 800?