ASX 0.20% $64.37 asx limited

Palladium (PA, NYMEX) : Critical Support 480.2Monthly Cycle...

  1. 1,248 Posts.
    Palladium (PA, NYMEX) : Critical Support 480.2

    Monthly Cycle Pivot Center : 385.8 - 413.1 - 426.0
    Normal Lower Limits : 327.5 - 352.8 - 356.2
    Normal Upper Limits : 444.2 - 470.0 - 499.2

    Weekly Cycle Pivot Center : (533.4) - (537.9) - (549.3)
    Normal Lower Limits : 469.2 - 471.6 - 480.2
    Normal Upper Limits : 595.3 - 595.7 - 629.4

    Weekly Cycle Congested Area : (427.4 - 462.8 - 498.1 - 533.4 - 568.8 - 604.1 - 639.4)

    Remarks : The market momentum is very strong when it is able to trade above the monthly cycle normal upper limit at 499.2. The market is under pressure when it is below the weekly cycle pivot centers at (533.4) - (537.9) - (549.3). A projected supporting range has been established at 480.2 - 499.2. The weekly cycle normal upper limits at 595.3 - 595.7 - 629.4 would serve as a resistant range for the time being.

    Palladium : Monthly Cycle Charts
    http://www.qindex.com/palladium.html
    Albert Cheung (Ph.D.)




 
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