Tentatively higher from an earlier low of $1,302, CME Palladium is up to $1,310 per troy ounce today, adding $7.3, or 0.56%, to yesterday's closing price of $1,302.7.

United States Core Durable Goods Orders data will be released today at 12:30 UTC, with an expected improvement to -0.1% (previous figure was -0.2%).

At the same time, United States Building Permits released today at 11:45 UTC with a figure of 1.50 million, while the previous figure was 1.42 million. United States Building Permits came out at 5.6%, while a consensus of analysts was expecting 5.2%. United States 2-Year Note Auction came out at 4.67.

Technical analysis trend indicators suggest that despite posting gains so far today, Palladium slid below its 5 day Simple Moving Average at $1,314 in earlier trade — an early indicator that a negative trend could be emerging. Asset volatility analysis shows that Palladium's lower Bollinger Band® is at $1,261, indicating that the market is oversold and fertile for new buyers. The Palladium future chart analysis: although the Palladium future is appreciating today after rising as high as $1,321.5, price action is now slowing and consolidating around $33.5 below the $1,343.5 resistance level.

Overall, the technical outlook suggests the Palladium future is likely to remain muted for the immediate future, with no clear-cut direction.

Rallies can also be seen in other Metals, Platinum is up 0.46%.

Though Palladium is going up, other Metals are underperforming — after ending yesterday's session at $3.78, Copper lost 1.7 cents and is trading around $3.77.

Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Crude Oil Inventories is projected to outperform its last figure with 1.42 million, having previously been at -3.83 million. The figure will be published tomorrow at 14:30 UTC. United States Core Durable Goods Orders is projected to outperform its last figure with -0.1%. It previously stood at -0.2%; data will be released today at 12:30 UTC. United States Consumer Confidence is projected to outperform its last figure with 104. It previously stood at 102.3; data will be released today at 14:00 UTC.

The commodity has been trending lower for about a month. Having set a significant low of $1,278 5 days ago, Palladium is trading 1.93% higher.