Palladium recently reversed up from the support zone between the key support level 1075.00 (low of the previous wave A), 50% Fibonacci correction of the sharp upward impulse from April and the lower daily Bollinger Band. The upward reversal from the support level 1075.00 started the active short-term wave B. Palladium can be expected to rise to the next resistance level 1200.00, which reversed the price at the start of August. (full story)