After three days of declines, the Palladium future is up $20.3 today

After closing the previous trading day at $1,450.2, CME Palladium is up to $1,470.5 per troy ounce, which makes for a move of 1.4%/$20.3 today.

This move comes while some more positive signs for Palladium are out as highly important Initial Jobless Claims data from United States beat analyst expectations of 254,000 with a reading of 242,000.

Meanwhile, United States Existing Home Sales (Apr) came out at 4.28 million, while a consensus of analysts was expecting 4.3 million. United States Philadelphia Fed Manufacturing Index (May) released yesterday at 12:30 UTC with a figure of -10.4, while the previous figure was -31.3.

Palladium's lower Bollinger Band® is at $1,402, indicating that the market is oversold and fertile for new buyers.

Examining the technical analysis landscape, the Palladium future might continue its downtrend in the short term.

Rallies can also be seen in other Metals, Gold is up 0.26%. Having closed the previous session at $3.69, Copper is up 0.57% today to currently trade at around $3.71. Having closed the previous session at $23.63, Silver is up 0.54% today to currently trade at around $23.76.

Also worthy of note, United States Fed Chair Powell speech is scheduled today at 15:00 UTC.

Over the past 7 months, CME Palladium has retreated 37.52% from a noteworthy peak of $2,321.2.