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Timonrosso

UPDATE: Palladium on track to $880.00

Short
Palladium Futures (NYMEX:PA1!)  
Timonrosso  
NYMEX:PA1!   Palladium Futures
Trend Analysis Chart Patterns Fundamental Analysis Palladium futures Commodities palladiumshort sellpalladium
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trendanalysis chartpattern fundamental palladium futures commodities palladiumshort sellpalladium
Since our last update, Palladium broke below a Descending Triangle at $1,614 and is currently at $1,227.

The downtrend is strong and now there is a Rounding Top formation.

Break below and it could very well go to our first target of $880.

I'll let you know.
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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