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Palladium Futures (PA1! ), H1 Potential for Bearish Dip

37600 palladium futures pa1 h1 potential for bearish dip

Type: Bearish DipKey Levels:Resistance: 2421.0Pivot: 2396.0Support: 2302.0Preferred Case:We see the potential for a bearish dip from our pivot level at 2396.0 in line with 127.2% Fibonacci extension towards our 1st support level at 2302.0 in line with 61.8% Fibonacci projection.Alternative Scenario:Alternatively, price may break our pivot structure and head for 1st resistance at 2421.0 in line with 161.8% Fibonacci extension.Fundamentals:No major news

Source: Tickmill

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