Palladium Futures (PA1!) D1 | Potential Bearish Reversal
Type:
Bearish Reversal
Key Levels:
Resistance: 1,052.5
Pivot: 992.5
Support: 929.5
Preferred Case:
Looking at the D1, Price showing rejection at recent highs and could fall from current levels toward 1st Support at 929.5
Alternative Scenario:
Price may break above pivot at 992.5, and hold could push toward 1st Resistance at 1,052.5
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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.