Technical Analysis – Palladium futures jump by 20%
Posted on December 15, 2023 at 1:43 pm GMTPalladium recoups December losses after rocket rally A close above 1,140 required to bolster buying appetite Palladium futures had a sparkling week, booming by 23% from nearly a five-year low of 922 to a one-and-a-half month high of 1,156 on Friday. The bulls jumped above the resistance trendline drawn from May’s highs, surpassing the 23.6% Fibonacci retracement level of the April-December downtrend at 1,097 too. Although the price has reached the upper Bollinger band, the RSI and the stochastic [..]