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hopscotch
Apr 25, 2017 12:40 AM

Palladium Up? Long

Palladium Futures (Jun 2017)NYMEX

Description

June Palladium is looking for more upside. Using 785 as support, but there is an underlining downtrend present. Upside target 813.65 and if it can break the double top, 832. If this fails and 785 breaks, downside target trendline at 772 and possibly 770. PA must clear 801 and stay above that to make any headway.

Comment

Bullish flag has developed on Palladium today. Overnight rise may put PA moving towards a triple top continuation.

Trade closed: target reached

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