Palladium (spot) intraday: as long as 2397.25 is s

Palladium (spot) intraday: as long as 2397.25 is support look for 2436.50

XPDUSD

Trading Central 2021-02-22 12:56:05

Our pivot point is at 2397.25.

Our preference: as long as 2397.25 is support look for 2436.50.

Alternative scenario: below 2397.25, expect 2383 and 2374.50.

Comment: the RSI is above 50. The MACD is positive and below its signal line. Prices could retrace in the short term. Palladium (spot) is trading above both its 20 and 50 period moving average (respectively at 2399.79 and 2376.39).

Supports and resistances:

2453.50 **

2445.00 *

2436.50 **

2428.00

2408.86 last

2403.00

2397.25 **

Disclaimer

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