sugardaddyFED
Long

Strong Palladium - Weekly Technical View

FX:XPDUSD   CFDs on Palladium
Solid performance by Palladium             as it storms ahead to take out several key levels.
We are deviating slightly here but the daily chart shows that price failed to close above the 200 DMA and this could mean that a slight pullback in next week price action to test 780 levels but we expect the run higher to continue.
Coming back to the weekly, the price action will soon reach our price target currently sets at 809. We notice that the price action could continue to range trade within the red lines. Upon closing the long positions, we could wait on the sideline to confirm our next outlook.
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