Palladium daily EMA keeps on attracting sellers.

We are trading at oversold extremes.
20 1-day EMA is at 1494.
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
We look for a temporary move higher.
Preferred trade is to sell into rallies.

Palladium - Intraday - We look to Sell at 1496.9 (stop at 1520.9)

Our profit targets will be 1436.9 and 1430.9

Resistance: 1445 / 1459 / 1480
Support: 1420 / 1405 / 1385

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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

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Moving AveragesoandaPalladiumpalladiumshortsignalSupport and ResistancetradeideaxpdXPDUSDxpdusddailyxpdusdshort

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