Palladium (XPD/USD) is expected to extend its move into new record highs and to eventually test the $3255/60 neighborhood, the Credit Suisse analyst team informs.
The $2520 support set to hold
“Palladium has surged higher after repeatedly holding its 200-day average and above $2525 sees the top of the range from last April swept aside, moving with ease above the $2884 prior record high.”
“We maintain our core bullish outlook with resistance seen next at $3000 ahead of $3255/60.”
“Support at $2520 now ideally holds.”
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