I’ve revised the initial target on /PA (palladium futures) from 1742 to 1800, should /PA trigger a sell signal on a solid break below 1885 soon. Specific price targets on & PALL (palladium ETF) will follow should PALL become an official trade idea. 60-minute chart below.
PA 60m Dec 18th
Zooming out to the daily chart of /PA, a sell signal is still pending a solid break and/or daily close below this uptrend line as the RSI is coming off extreme overbought readings with the PPO starting to roll over with a pending bearish crossover to help confirm any sell signal on a break below the trendline.
PA daily Dec 18th