September Palladium is showing some signs of more upside in a turn around at 839.4 rejecting a fall to 820. Upside target is 878.05 if bulls can put Palladium above the 20 day moving average at 853.2. Looking for a double top outcome at 897.8.
Comment:
Palladium continues to rise. Next upside target R1 at 878.20.
Comment:
Palladium has created a bullish flag today. Pivot becomes support. 878.15 becomes next target for bulls. If we end up below pivot on Monday, S1 will be target for bears, although significant support lies at 827.10.
Comment:
Palladium using Pivot as support. Consolidating.
Comment:
Palladium fell through Pivot. Next downside target 827.25
Comment:
Palladium held pivot. Move upward to position C. Upside target 897.50
Comment:
Palladium hit R2 ceiling. Downside target is Pivot at 846.75, then S1 at 815.35 if it can put some momentum on. This is near uptrend. Bullish Cypher sits at support on two previous resistance points of R1 around 827.10
