Palladium is now on a new Higher High within the 1W Channel Up ( RSI
= 68.210, MACD
= 65.770, Highs/Lows = 97.7642). Based on the similarities with the 2017 Channel Up and with the 1D RSI
having reached a peak level ( RSI
= 66.981) it is natural to assume that a minor pull back is in place (1,600 projection) that will only fuel the uptrend on the long term within the Channel Up. Based on that our Target Zone on a 1 year horizon is 2,200 - 2,400.
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