Palladium (spot) intraday: the upside prevails as

Palladium (spot) intraday: the upside prevails as long as 2390 is support

XPDUSD

Trading Central 2021-02-23 12:36:05

Our pivot point is at 2390.00.

Our preference: the upside prevails as long as 2390 is support.

Alternative scenario: the downside breakout of 2390 would call for 2375.75 and 2367.25.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Palladium (spot) is above its 20 and 50 period moving average (respectively at 2401.18 and 2396.75).

Supports and resistances:

2447.25 **

2438.75 *

2430.50 **

2422.00

2404.61 last

2395.50

2390.00 **

Disclaimer

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