PALL outshines Gold

PALL – ETFS Physical Palladium Shares – is moving mostly above its 20- day exponential moving average since mid-August. In fact, if we see the chart more carefully, this moving average is acting as support line for PALL.

Apart from a recent interval, PALL’s Relative Strength is also moving up and above its 20- day exponential moving average.

After this recent consolidation stage, where PALL’s 10- day exponential moving average touched the 20- day exponential moving average, PALL seems to have regained its momentum and moved to the upper Bollinger Band.

This momentum strengthening is also shown in MACD, which has just moved above its signal line.