Palladium Futures (PA1!) H4 | Potential Bullish Bounce

Type:

Bullish Bounce

Key Levels:

Resistance: 948.00

Pivot: 909.50

Support: 890.00

Preferred Case:

Looking at the H4 chart, my overall bias for Palladium futures (PA1!) is bullish due to the presence of a bullish Ichimoku Cloud. The price could pull back toward the pivot and bounce off this level to rise toward the 1st Resistance at 948.00.

Alternative Scenario:

Price may break below the pivot at 909.50 and fall towards the 1st Support level a 890.00.