Palladium has established an up trend on the hourly
After 7 red days in a row & 3 red weeks, Fri saw an inside/doji HOD @ $660.35 that broke to the upside on the open last night.
In addition consolidated with a higher low on the Daily $652.15 and had previous support at that level in Sept
I am trying a swing for several days/possibly weeks, targeting 20DMA for starters @ $719.74 and will re-assess PA at that time.
Would feel better if Platinum came along, so far kind of stuck in the mud in comparison but green on the day as well.
Gold would certainly help both along as well one eye open on that progress during this trade but noting that Palladium has been known to have zero correlation w/gold at times this year like the Nov 4 - Nov 30th bull run. Seems more correlated w/copper as an industrial on that run... if precious metals happen to run same time look out ABOVE
