Palladium (spot) intraday: short term rebound

XPDUSD

Trading Central 2021-02-24 12:42:05

Our pivot point stands at 2348.75.

Our preference: short term rebound.

Alternative scenario: the downside breakout of 2348.75 would call for 2334.75 and 2326.50.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Palladium (spot) stands above its 20 period moving average (2358.11) but below its 50 period moving average (2367.75).

Supports and resistances:

2402.75 **

2394.50 *

2386.25 **

2377.75

2360.86 last

2354.25

2348.75 **

Disclaimer

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