Palladium (spot) intraday: our next up target stan

Palladium (spot) intraday: our next up target stands at 2421.25

XPDUSD

Trading Central 2021-02-23 00:49:05

2379.25 is our pivot point.

Our preference: our next up target stands at 2421.25.

Alternative scenario: below 2379.25, expect 2365 and 2356.75.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Palladium (spot) is trading above both its 20 and 50 period moving average (respectively at 2388.12 and 2393.70).

Supports and resistances:

2438.25 **

2429.75 *

2421.25 **

2413.00

2396.03 last

2384.75

2379.25 **

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.