Palladium (spot) intraday: the upside prevails as

Palladium (spot) intraday: the upside prevails as long as 2359.25 is support

XPDUSD

Trading Central 2021-01-13 00:39:07

Our pivot point is at 2359.25.

Our preference: the upside prevails as long as 2359.25 is support.

Alternative scenario: below 2359.25, expect 2326.75 and 2307.50.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Palladium (spot) is above its 20 and 50 period moving average (respectively at 2383.25 and 2380.34).

Supports and resistances:

2485.50 **

2466.25 *

2447.00 **

2427.75

2386.73 last

2372.00

2359.25 **

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.