Palladium Futures break out of sym triangle bullishly!
Hello Traders!
After over 3 long months of movement within a symmetrical triangle, the price of palladium futures has finally broken out bullishly. The 50 SMA will soon cross over the 200 SMA, as well as the 100 SMA. The MACD seems mildly optimistic and the RSI is a bit away from oversold. In the nearer future, nothing stands against a continuation of the short-term price corridor in July/beginning of August.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
After over 3 long months of movement within a symmetrical triangle, the price of palladium futures has finally broken out bullishly. The 50 SMA will soon cross over the 200 SMA, as well as the 100 SMA. The MACD seems mildly optimistic and the RSI is a bit away from oversold. In the nearer future, nothing stands against a continuation of the short-term price corridor in July/beginning of August.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
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