Palladium (spot) ST: the upside prevails as long as 2323.50 is support

Trading Central 2021-02-22 10:04:04

Our pivot point is at 2323.50.

Our preference: the upside prevails as long as 2323.50 is support.

Alternative scenario: below 2323.50, expect 2244 and 2196.75.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 day moving average (respectively at 2335.93 and 2358.71).

Supports and resistances:

2672.50 **

2624.25 *

2576.00 **

2527.75

2404.77 last

2354.75

2323.50 **

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.

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