Palladium recently reversed up from the support level 1140.00 – strengthened by the support trendline of the daily up channel from August and by the 50% Fibonacci correction of the previous impulse wave (i).
The upward reversal from the support level 1140.00 started the active short–term impulse wave (iii) – which is a part of the medium-term impulse wave (3) from the end of October.
Palladium is expected to rise further and re-test the next round resistance level 1200.00 (which reversed the previous impulse wave (i)).
German industrial production continues to decline. The rate of contraction in March was slightly better…
US indices have been gaining daily since the beginning of May. They have found strength…
Market picture The crypto market has lost 2% of its capitalisation over the last 24…
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
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