Commodity traders stay bullish as Palladium adds $8.3 or 0.59%

Yesterday at a glance: Palladium ended Thursday at $1,418.2. yesterday it went up to $1,451 only to drop back, yet still managed to close at $1,426.5 per troy ounce.

Nevertheless, Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

At the same time, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

A look at other Metals also shows upside as Copper went up by 2.33% yesterday, and closed at $3.67. Silver is trading around $23.45 after ending yesterday's session at $22.91 (up 2.34% today).

Having soared to a high of $2,321.2 approximately 7 months ago, the Palladium future is now trading 38.9% lower.