ChrisAbdey

Still Long on Palladium, some decent movement today

Long
TVC:PALLADIUM   CFD Palladio (US$/OZ)
Looks like a pretty good confirmation on Palladium it went up and bounced off the 805 level again, that seems to be a pretty tough barrier to cross. However, it went up and came back down to rest still above the 9 day MA and I am still bullish on Palladium unless it decides to break and close under the 760 level.

The RSI is above 50 and though pointed down looks like she'll bounce again. Stochastic has movement up, and the MACD - well, I'd like to see more angle upwards on it, hopefully we will see that next week.


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