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).
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