Palladium Price: Bullish Move Could be Nearing its Final Stage

From dailyfx.com

On June 14 bullish momentum pressed Palladium higher sending the price to trade its highest levels since late April. On June 20 Palladium spiked and printed $1,534.9 – its highest level in nearly three months. On June 17 the Relative Strength Index (RSI) rebounded from 70 and remained in the overbought territory highlighting the buyers are still in charge. Looking at the daily chart we notice Palladium movement on June 18 to the higher trading zone $1,468.2 - $1,507.0. Therefore, a close above the high end of this zone could rally the price towards $1,616.3 contingent on clearing the zone and the weekly resistance ... (full story)