Palladium and SBSW are approaching demand areas and we can expect a reversal to the upside with SBSW offering 4X trade from 5 to 20. And similar with PALL. NATGAS are also approaching demand but no confirmation is seen yet. #stockstobuy #stockstobuynow #palladium #forextrading #natgas
Palladium is used in chemical processes and in catalytic converters for gas and diesel road vehicles. So it would stand to reason that when Palladium price moves, and being such a thin PM market, it would indicate the direction, rather well too, of the risk assets of the companies that consume the metal.
What is PALL ETF? PALL is first in the space that focuses on palladium exposure in an ETF. The fund tracks the movements in palladium spot price, by providing focused exposure to palladium held in JPMorgan vaults in London and Zurich. ... PALL is structured as a grantor trust preventing trustees from lending the underlying metal.
Reasons why I think this may well happen: 1. On the daily chart c=.62 x a (a fairly common event) 2. On the 2 hour chart .c=.a (a fairly common event) 3. On the weekly chart price is almost to the midline of the channel 4. On the weekly chart we have a positive reversal on the RSI. 5. On the daily chart we have positive reversal on the RSI followed by a bullish...
Idea for Palladium: - 2 Potential short swing trades coming up with good R/R. - Currently bullish Trend, bearish Trade. - Can make Trend Ascending Triangle and breakout, or Rising Wedge reversal with a local Head and Shoulders. - I am looking to short the re-test of the breakout to the downside. GLHF - DPT
nice back test of the break out so far. TGT: 22 $PPLT $PALL
Recently I posted on PALL a stock that buys and stores palladium (see link below). But when looking at the palladium futures and the price action since the first posting I think is today's posting may be more likely. Process your way.
Previous resistance on June 8th, now became new support. A close below $23 is a sign of a fail of the short-term bull trend. Next support level is $20.
Four factors that typically influence the dollar’s direction have shifted from bullish to bearish since the onset of the coronavirus crisis: 1) FOMC has shifted to a zero-rate policy • US interest rates (adjusted for inflation) are negative • Growth expectations have slowed while inflation expectations have risen… sending Real Interest Rates down • Fed...
Palladium broke out of its downward channel, gapping, and landing coincidentally, at the 38.2% fibonacci retracement level. $220 which is the 61.8% retracement level, is the next tested resistance. A break above it, which good intraday volume, could potentially take the price to all time highs.
Nice break out here on good volume. $PALL $PPLT $XBM.CA
Palladium has produced a bearish divergence, followed by a possible bullish divergence, yellow fib EMA has been a clear support for some time for this bull run, lets see if it holds again. Currently stuck in between a strong horizontal support.
Very likely near-term high for #palladium is in. Price top-ticked the rising channel resistance from 2016 as well as the top of the channel from Aug. Expecting a pullback thru yr end to $1800, which would be an interesting opp to add long @ horizontal & channel support $PALL
#Palladium breaking out to all-time highs vs #Platinum is a chart I have been watching. $PALL $PL $PA
Anyone else watching #palladium print new all-time Highs? $PALL $PA Next stop $2200?
ATH retest incoming!
Take a look at this chart showing how the safe-haven metal platinum has been underperforming and is now at major support. I expect money to flow out of the leader palladium and into platinum over the next few months. See Palladium chart:
Take a look at the chart. Price is forming another blow-off top pattern and reaching its Fibonacci price target. Expect money to flow out of this, and into Platinum for a few months. See Platinum Chart: