ETFPLD: might we see some upside potential?A price action above 31800 supports a bullish trend direction.
A price action below this level will negate the bullish stance.
Further bullish trend support above 33100.
Consolidation price range from 32400 to 33700.
Crossing above 33700 will also support the price action to target 35700.
Crossing below 32400 will be the first sign of pending weakness.
ETFPLD trade ideas
1NVEST Palladium ETFWeekly Chart
The daily chart of the 1NVEST Palladium ETF is a local vehicle to gain exposure to the potential move, with the price also having consolidated year-to-date. A push above 38900 is a trigger for higher levels and potential continuation of the upward trend.
Time Frame: Medium Term
(See related idea for Rand-Palladium Price)