Palladium breaking the symmetrical triangle and running into the neckline
Palladium has continued to rally with breaking the symmetrical triangle resistance trendline, and the forthcoming neckline widely spread between 1057$-1065$. Since the daily and weekly oscillator has picked up and bullish break through the neckline could open fire to1100$ it’s 100.0 fe, in the medium term. The supports are at 990$, 966$ and 940$.
Finally, the price has soared above 1000$ per ounce and closed above, for the first time after April 2018. Earlier in mid-May, we tweeted the bullish sign and still retain the same view.