Palladium (spot) intraday: the upside prevails as

Palladium (spot) intraday: the upside prevails as long as 2365.25 is support

XPDUSD

Trading Central 2021-02-20 01:44:05

Our pivot point stands at 2365.25.

Our preference: the upside prevails as long as 2365.25 is support.

Alternative scenario: the downside breakout of 2365.25 would call for 2351.25 and 2343.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Palladium (spot) is trading above both its 20 and 50 period moving average (respectively at 2363.05 and 2358.39).

Supports and resistances:

2429.50 **

2421.25 *

2412.75 **

2404.50

2377.02 last

2370.75

2365.25 **

Disclaimer

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