Palladium has peaked at 2758 and is consolidating recent gains. Dips will ideally hold over the 2516 top of the previous range for another upside attempt, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Key quotes “The market has peaked at 2758 and is easing lower, the top of the previous range at 2516 is likely to now act as support ahead of the 200-day ma at 2384.” “A slide back to and recovery from the 2516 vicinity would be regarded as a return to point of break out and be extremely bullish.” “Key support is offered by the uptrend at 2217 and the September low at 2185.” “Above 2758 will target the 2878 2020 peak. Above here lies the psychological resistance at 3000, but our Fibonacci extensions are implying scope to 3597/3633.” 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 Sterling and loonie to resist dollar storm, euro points to the downside – Standard Chartered FX Street 8 months Palladium has peaked at 2758 and is consolidating recent gains. Dips will ideally hold over the 2516 top of the previous range for another upside attempt, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports. Key quotes "The market has peaked at 2758 and is easing lower, the top of the previous range at 2516 is likely to now act as support ahead of the 200-day ma at 2384." "A slide back to and recovery from the 2516 vicinity would be regarded as a return to point of break out and be extremely bullish." "Key… Top 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.
