Palladium Futures (PA1!) H4 | Potential Bullish Bounce
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.