Palladium Futures (PA1!) D1 | Potential Bullish Reversal
Type:
Bullish Reversal
Key Levels:
Resistance: 953.50
Pivot: 898.50
Support: 875.50
Preferred Case:
Looking at the D1 chart, the price is trading close to a swing-low support where it could potentially make a bullish reversal off this level to rise towards the 1st Resistance at 953.50.
Alternative Scenario:
Price may break below the Pivot at 898.50 and fall towards the 1st Support at 875.50.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.