Palladium (spot) intraday: the downside prevails a

Palladium (spot) intraday: the downside prevails as long as 2420 is resistance

XPDUSD

Trading Central 2021-01-14 00:36:04

Our pivot point is at 2420.00.

Our preference: the downside prevails as long as 2420 is resistance.

Alternative scenario: above 2420, look for 2452.75 and 2472.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Palladium (spot) stands below its 20 and 50 period moving average (respectively at 2394.94 and 2393.65).

Supports and resistances:

2472.00 **

2452.75 *

2420.00 **

2407.25

2386.99 last

2347.50

2328.25 **

Disclaimer

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