Palladium has posted another bearish engulfing.Palladium - 24h expiry
The primary trend remains bearish.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
Trading has been mixed and volatile.
Expect trading to remain mixed and volatile.
Rallies should be capped by yesterday's high.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
1277 has been pivotal.
We look to Sell at 1276.7 (stop at 1292.7)
Our profit targets will be 1236.7 and 1226.7
Resistance: 1255 / 1270 / 1280
Support: 1244 / 1225 / 1200
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