PALLADIUM - I'm Long. I think that's the end of a falling road for palladium.
Commodities are selling off right due to whole Greece Situation and the sell off China. This trade is based on the similar concept as the Natural Gas play with expected downside momentum to continue. Only difference is that i'm looking at this from a 4hr intraday chart. Expected target is around 615.00 along with the corresponding CS levels with it
When I read the chart as a chart reading student, I feel a the running correction will be breakout soon. Most probably for a BUY. there have a small chance to down to maintain the down trend channel. Even it goes to down ; will be come back. NB:- It is not a trade call.. Just express my idea to improve my way. If any body feel it is good ; try it your own risk.