Palladium Futures ( PA1! ), H4 Potential for Bullish Rise


Type: Bullish RiseKey Levels:Resistance:2023.0Pivot:1945.0Support:1808.5Preferred Case:On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1945.0, where the 50% Fibonacci line is before heading towards the resistance at 2023.0, where the 23.6% Fibonacci line is. Alternative Scenario:Price may possibly head back down towards the support line at 1808.5, where the 88% Fibonacci line is.Fundamentals:There are no major news.


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