Long
Consolidation? 35MA seems to be support for now.
The weekly indicates a cup forming but the daily chart indicates a waffling back and forth between up and down trends as indicated by the parabolic SAR indicator. Will have to watch spot Palladium prices closely and sees how the market digest the news of expansion into copper and other metals in the coming weeks. Long term outcome - bullish.
Trade active
Confirmation of 35MA support. Spot Palladium is consolidating and getting poised to re-test $2500. Overall, a good set up going into the weekend amidst macro headwinds. LONG
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.