XPD selloff has no indication of coming to and end.

Palladium - Intraday -

We are trading at oversold extremes.
Daily signals are bearish.
There is no indication that the selloff is coming to an end.
Previous support at 1405 now becomes resistance.
We look for a temporary move higher.
50 4hour EMA is at 1408.

We look to Sell at 1403.4 (stop at 1427.3)

Our profit targets will be 1343.3 and 1333.3

Resistance: 1350 / 1365 / 1380
Support: 1340 / 1320 / 1300

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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

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oandaPalladiumpalladiumshortSupport and ResistancetradeideaxpdxpdshortXPDUSDxpdusddailyxpdusdshort

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