That piece focused on what the underlying order flow data revealed about buyer and seller behavior and where institutional traders might be accumulating positions.
This follow-up takes a technical charting perspective using the one-hour timeframe to explore where Palladium stands after the retest of its August pivot channel — and what may come next. See the following Palladium Technical Analysis Video from Today:
In the Palladim Analysis Video Above: From the August Pivot to the Present
The current structure traces back to the August 27, 2025 pivot low, formed after roughly a 20% correction from the June–July highs. That low established a major structural base, and since then Palladium has traded inside a rising yellow channel that has defined the market’s trajectory for nearly two months.
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After breaking above the channel, price advanced to $1,550 on October 9, confirming strong momentum.
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It then backtested the upper boundary, held it successfully, and pushed higher — a bullish continuation pattern when an upward-sloping channel turns into support after breakout.
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This rally extended to the 50-week high of $1,695 on October 16, before reversing sharply.
The Collapse and the Retest
Friday’s decline was extraordinary — from $1,692.5 down to $1,510.5, a −9.68% drop within one session.
In less than two days of futures trading, Palladium fell just over 14%, reaching today’s low of $1,456.5.
Technically, that move perfectly retested the same rising channel drawn from the August pivot, a critical area that often determines whether a longer-term uptrend survives or fails.
Given the magnitude of the selloff, the fact that price is stabilizing near the $1,500 round number — a strong psychological magnet — suggests that the market may be preparing for a short-term rebound or controlled retracement.
Key Technical Context for Palladium Futures Today
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VWAP (1,501.5) – The volume-weighted average price remains near the 1,500 handle. A decisive move above this level would indicate renewed buyer control.
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Point of Control (1,489) – A crucial short-term “line in the sand” between bulls and bears. Staying above it maintains the constructive bias.
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Value Area Low (1,477) – Also today’s session low, reinforcing this zone as the first structural support.
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Value Area High (1,512) – The next breakout threshold
Palladium Technical Analysis Video
