Palladium (spot) intraday: the upside prevails as

Palladium (spot) intraday: the upside prevails as long as 2386 is support

XPDUSD

Trading Central 2021-02-23 05:50:06

2386.00 is our pivot point.

Our preference: the upside prevails as long as 2386 is support.

Alternative scenario: below 2386, expect 2371.75 and 2363.25.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Palladium (spot) is above its 20 and 50 period moving average (respectively at 2393.92 and 2397.47).

Supports and resistances:

2442.25 **

2433.75 *

2425.25 **

2416.75

2399.05 last

2391.50

2386.00 **

Disclaimer

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