Technical Analysis – Palladium futures’ aggressive drop halted near 100-SMA and 50.0% Fibonacci; price moves inside Ichimoku cloud

Palladium futures’ struggle with the 23.6% Fibo of 1517 finally came to an end, after a two-week period. The metal collapsed through the 1467 support level, which is the 38.2% Fibo retracement level of the move up from 1255 to 1598, and the 1454 near support, to break into the Ichimoku cloud. Presently the metal […]