Palladium Price May be on Course for a Fresh All Time High

From dailyfx.com

On Tuesday, Palladium continued its uptrend carving out a higher low at $1,539.8, then yesterday broke above a key resistance level at $1,581 . The Relative Strength Index (RSI) on July 3 peaked above 70 creating a high, then yesterday created a lower high above 70 indicating to a top failure swing and signaling a possible reversal to the current upward trend. Looking at the daily chart we notice today Palladium rebounded from the uptrend line originated from the Oct 30 -18 low at $1,068.0, although the price has printed $1,604.5 – its highest level in nearly three and a half months, then dropped after. Hence, a ... (full story)