Palladium testing upper trend line
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With Palladiums ever increasing price, it is now reaching the top trendline within the range its been trading since August 2018. This will be an interesting point for Palladium , it's fundamentals suggest an ever increasing price for the next year but this doesn't prevent localised trending through trading. The upper trend line at ~$1600 will be a test if this Bullish momentum. Will Palladium break through and back up its Bullish momentum or will it be contained for a short while?
Note, from previous update the green channel is the trending channel from August 2018. The light blue channel and associate dashed inter-channel levels are the resent trend within the August 2018 trend.
Note, from previous update the green channel is the trending channel from August 2018. The light blue channel and associate dashed inter-channel levels are the resent trend within the August 2018 trend.
Note
Now that Palladium has taken up position at the bottom of the blue channel, this is an ideal time to buy LONG.
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