Palladium Futures (PA1!) H4 | Bullish continuation
Type:
Bullish Reversal
Key Levels:
Resistance: 1,049.0
Pivot: 1,022.0
Support: 976.5
Preferred Case:
Looking at the H4 chart, the price is approaching a pullback support and stabilize before making a bullish bounce to rise toward the 1st Resistance at 1,049.0, an overlap resistance.
Alternative Scenario:
Price may break below the Pivot at 1,022.0 to fall towards the 1st Support at 976.5, an overlap support.
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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.