Palladium (spot) intraday: short term rebound towards 2382.00

Trading Central 2021-02-24 05:48:05

Our pivot point is at 2339.00.

Our preference: short term rebound towards 2382.00.

Alternative scenario: below 2339, expect 2325 and 2316.75.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Palladium (spot) is trading above its 20 period moving average (2353.51) but under its 50 period moving average (2379.68).

Supports and resistances:

2398.50 **

2390.25 *

2382.00 **

2373.50

2356.13 last

2344.25

2339.00 **

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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