Palladium Futures (PA1!) H1 | Falling towards a Pullback Support
Type:
Bullish Bounce
Key Levels:
Resistance: 962.50
Pivot: 942.50
Support: 914.50
Preferred Case:
Looking at the H1 chart, the price is falling towards a pullback support and could stabilize around this level before reversing to bounce higher toward the 1st resistance at 962.50.
Alternative Scenario:
Price may break below the Pivot at 942.50 and fall toward the 1st Support at 914.50.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.