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).