Palladium surged with everything rally throughout March and April but since May it is starting to lose momentum. As long as the price stays below the last top, 3019, downward pressures may increase. As for targets, zones with closing key moving averages and Fibonacci levels can create possible supports. Fibonacci %38.2 and 50 day MA in the short-term (2736), Fibonacci %61,8 and 100-day MA in the medium-term (2562) are likely targets.
For upward moves, Palladium must past 3019.
