Palladium Wave Analysis – 29 March, 2019

• Palladium reversed from support area
• Further gains are likely

Palladium today reversed up from the support area lying between the round support level 1300.00, lower daily Bollinger Band and the 100-day moving average.

The upward reversal from this support area completed the previous medium-term ABC correction (4) from February.

With the oversold daily Stochastic – Palladium is expected to rise further and re-test the next resistance level 1400.00 (former resistance from January).