The Palladium future continues a four day positive streak and is up $49.5 to $1,397.5

CME Palladium has rallied $49.5, or 3.66%, to now stand at $1,397.5 per troy ounce.

The Palladium future is currently trading at $1,397.5 following the release of U.S. President Biden speech data from the United States.

Palladium made an initial breakout above its 10 day Simple Moving Average at $1,408.64, a potential indicator of a newly emerging bullish phase. CME Palladium's lower Bollinger Band® is at $1,334.61, indicating that the market is oversold and fertile for new buyers.

Overall, looking at the technical analysis landscape, it seems Palladium might continue pointing upwards in the short term.

A look at other Metals also shows upside as having closed the previous session at $20.51, Silver is up 5.29% today to currently trade at around $21.59. Gold jumps 2.03% to trade around $1,905. Platinum jumps 3.28% to trade around $997.2.

Also worthy of note, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Consumer Price Index figure is projected at 6%. It previously stood at 6.4%; data will be released tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.

The commodity has been trending lower for about 2 months. This year has been a gloomy one for CME Palladium after trading as high as $2,533.4 and going on to lose 23.38% of its value.