Palladium is pushed up by ascending line

Source: Dukascopy Bank SA


Throughout April, the price for palladium has been recovering. It was spotted on April 21, that the recovery has been supported by an ascending trend line, which connects the late-March and April low levels.

A continuation of the recovery of the metal's price is expected to encounter resistance in the April high level at 2,533.30. Higher above, note the mid-March high level zone at 2,620.00/2,640.00.

On the other hand, a decline of the price would have to pass the support line near 2,400.00. Below the trend line, take into account the support of the 2,300.00 and 2,200.00 levels.
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Thu, 21 Apr 2022 12:35:17 GMT

Platinum recovery faces resistance

The decline of the price for platinum has been guided by a descending trend line throughout March and into April. In early April, the commodity found enough support in the trend line and the 950.00 mark to start a recovery. By April 21, the price had encountered resistance in 1,025.00. A decline of the commodity price is expected to look

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