Palladium futures for March delivery scaled another all-time high on Tuesday, hitting an intra-day top of 1463.34. The commodity has been on a steep uptrend after reversing from the more than one-year low of 812.65 it ploughed in August 2018. The strong upside momentum looks set to continue in the near term as supported by the technical indicators. However, there is a risk of a downside correction as the indicators have stepped into overbought territory. The RSI has crossed above the overbought 70 level and is still rising. But the stochastics are signalling a down move could be imminent as a bearish crossover of the ... (full story)