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Palladium Full Future Quarterly Price Chart

Palladium retreated as anticipated after testing and temporarily violating the $11,000 price level. Now hitting support and still in an uptrend on longer time frames the Palladium price may now stabilize above $950. In case of a break the rising 7-period moving average is the next major support (rising green line on the quarterly price chart  above). It is expected for the Palladium price to resume its uptrend after consolidating on either of these two support levels.

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