Palladium futures at fresh record high; approach 2-year old resistance line

From xm.com

Palladium futures edged up on Friday to unlock a fresh record high of 1,815 but room for improvement seems to be narrowing as the price is approaching the 2-year old resistance line. Moreover, the RSI is not far below its 70 overbought mark and the Stochastics have already run above 80 and are looking to post a bearish cross above the 80 mark. Should buyers persist, breaching the resistance line currently around 1,835, the focus will initially shift to the 1,900 psychological level and then somewhere near the 1,950 level. Failure to close decisively above the resistance line could drive the price near the 20-day ... (full story)