Palladium (spot) intraday: the upside prevails as

Palladium (spot) intraday: the upside prevails as long as 2370.50 is support

XPDUSD

Trading Central 2021-02-20 06:36:05

Our pivot point stands at 2370.50.

Our preference: the upside prevails as long as 2370.50 is support.

Alternative scenario: the downside breakout of 2370.50 would call for 2356.25 and 2348.

Comment: the RSI is above 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 2373.69 and 2361.25).

Supports and resistances:

2427.50 **

2419.00 *

2410.75 **

2402.25

2385.30 last

2376.00

2370.50 **

Disclaimer

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