The Dow hits 33k palladiums surge continues

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By :  ,  Financial Analyst

  • Palladium, which is often described as similar to platinum but a ‘softer metal’ is anything but, if recent returns are anything to go by. 
  • Gold closed above 1740 for the first time since the 1st of March. We now look for this area to hold as support and target the lows around 1760.
  • WTI continues to coil up in its highs but retain its bullish trend above the 59.24 low. A break beneath 63.13 warns of a deeper retracement whilst a break above the symmetrical triangle could be taken as bullish continuation.
  • The S&P 500 closed 0.3% higher and was led by the consumer discretionary, industrial and energy sectors.


S&P 500 (0.29%) 17 March 2021

  • The index closed -0.17% below its 52-week high
  • 313 (61.98%) stocks advanced and 188 (37.23%) declined
  • Consumer Discretionary (1.4%) was the strongest sector and Utilities (-1.62%) was the weakest
  • 5 out of the 11 sectors outperformed the index
  • 87.52% of stocks closed above their 200-day average
  • 78.22% of stocks closed above their 50-day average
  • 81.58% of stocks closed above their 20-day average

View recent videos: 
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Nasdaq holding support, copper feeling its own weight
Gold to shine again? Euro stalls below 1.20
Nasdaq to close the gap with Wall Street peers?

Related tags: Video Equities DJIA Russell

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