Palladium (spot) ST: the upside prevails as long a

Palladium (spot) ST: the upside prevails as long as 2282.50 is support

XPDUSD

Trading Central 2021-02-24 10:06:05

Our pivot point stands at 2282.50.

Our preference: the upside prevails as long as 2282.50 is support.

Alternative scenario: the downside breakout of 2282.50 would call for 2201.50 and 2153.50.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. The price is above its 20 and 50 day moving average (respectively at 2339.90 and 2360).

Supports and resistances:

2609.25 **

2560.75 *

2512.25 **

2463.50

2363.02 last

2314.25

2282.50 **

Disclaimer

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