Palladium is pushed up by ascending line

Note: This section contains information in English only.
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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