Palladium’s new high has not been confirmed by the daily RSI and this reflects a loss of upside momentum ahead of the all time high at 2878.04, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, briefs. New high not confirmed by the daily RSI “Palladium is approaching the 2020 peak and all-time high at 2878.04. The high so far has been 2848. While it is underpinned by the 20-day ma at 2680, we cannot rule out further upside attempts. However, we note that the new high has not been confirmed by the daily RSI and this reflects a loss of upside momentum ahead of the all time high and we would tighten up stops as we are concerned that a move higher will not be sustained.” “The 20-day ma at 2680 guards the 2491.10 February high.” “Only an unexpected slip below the 2491.10 February high would make us re-evaluate our longer term bullish view and may lead to further sideways trading around the 2278.99 March low and above the September-to-January lows at 2202.99/2184.67 to be witnessed.” “Above 2878 lies psychological resistance at 3000 and a point and figure target of 3050.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD bounces off one-week lows, finds some support near 0.7700 mark FX Street 2 years Palladium's new high has not been confirmed by the daily RSI and this reflects a loss of upside momentum ahead of the all time high at 2878.04, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, briefs. New high not confirmed by the daily RSI "Palladium is approaching the 2020 peak and all-time high at 2878.04. The high so far has been 2848. While it is underpinned by the 20-day ma at 2680, we cannot rule out further upside attempts. However, we note that the new high has not been confirmed by the daily RSI and this reflects a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
