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Palladium Price: Bullish Momentum Pressing Towards April's High

From dailyfx.com

On May 22, Palladium price corrected higher after carving out a higher low at $1.299.0 On May 30 the price leaned even higher creating a higher high at $1,380.5. The price created another lower high on June 3 showing clear intentions from the bulls to take charge. On June 6, the Relative Strength Index (RSI) crossed above 50 starting a bullish momentum. Looking at the daily chart we notice Palladium on Jun 10 closed above $1,375.0 eying a rally towards the April 26 high at $1,468.2. Therefore, any close above this high could mean more bullishness towards $ 1,507.0. However, the daily resistance at $1,500.0 is worth ... (full story)

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  • Category: Technical Analysis