Palladium (spot) intraday: the downside prevails a

Palladium (spot) intraday: the downside prevails as long as 2397.50 is resistance

XPDUSD

Trading Central 2021-01-13 01:42:04

Our pivot point is at 2397.50.

Our preference: the downside prevails as long as 2397.50 is resistance.

Alternative scenario: above 2397.50, look for 2429.50 and 2448.75.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Palladium (spot) is trading under both its 20 and 50 period moving average (respectively at 2381.66 and 2380.20).

Supports and resistances:

2448.75 **

2429.50 *

2397.50 **

2384.75

2368.30 last

2329.50

2310.25 **

Disclaimer

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