Palladium daily EMA keeps on attracting sellers.

OANDA:XPDUSD   CFDs on Palladium
We are trading at oversold extremes.
20 1-day EMA is at 1494.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
We look for a temporary move higher.
Preferred trade is to sell into rallies.

Palladium - Intraday - We look to Sell at 1496.9 (stop at 1520.9)

Our profit targets will be 1436.9 and 1430.9

Resistance: 1445 / 1459 / 1480
Support: 1420 / 1405 / 1385

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