Palladium traded with positivity on Thursday, crossed 50 Day EMA 2070, made high of 2082 but settled $22 below the high and closed at 2060,below 50 Day EMA.

Today the metal is trading with bearish bias on intraday basis and consolidates above 5 Day EMA 2043

A decisive move below this 5 Day EMA 2043 can push the metal down to retest 2030 and 2018, whereas holding above 2043 can help the prices revisit 50 Day EMA 2070 and recent tops 2082 and 2105

Break below 2018 can flip the trend to down.