Palladium futures market in strong uptrend

7 ก.พ. 2020

In the Palladium commodities market, on the Daily chart, the price is in a strong uptrend. Relative Strength Index indicator pushed lower and closed below the sixty line. This indicates that a slight retracement is due, and I expect the price to come back to a heavy volume area. I dropped down to the 30-minute chart to tighten my entry in hopes that I will receive a better risk-to-reward ratio.