Buy palladium ahead of CPI
The technical side aligns well, Volume is going up.
CCI divergence is strong.
Huge potential upwards, especially long term 10 years. Since the price is very low. I mean, the production costs of palladium are around this level
Palladium ETF better than CFD instrument if you want to capture the full potential.
Said that. This week is full of data, with CPI on Tuesday 12th (tomorrow), so manage your risk accordingly
CCI divergence is strong.
Huge potential upwards, especially long term 10 years. Since the price is very low. I mean, the production costs of palladium are around this level
Palladium ETF better than CFD instrument if you want to capture the full potential.
Said that. This week is full of data, with CPI on Tuesday 12th (tomorrow), so manage your risk accordingly
Note
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Look at volume in NY session for final confirmation. Now still is low but growingNote
I hope is a cup and a candle here forming. We are playing against a massive monthly, weekly daily trend.Counter-trading requires patience but we have had good volume in the green side today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.