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Palladium

PALLADIUM - Analysis.Over 50% of PALLADIUM supply (and its congener, PLATINUM) is used in catalytic converters, These convert up to 90% of the harmful gases in automobile exhaust (hydrocarbons, carbon monoxide & nitrogen dioxide) into less harmful substances such as: nitrogen, carbon dioxide and water vapor. Helpful information about PALLADIUM vs PLATINUM in the car manufacturer market: seekingalpha.com As a primary metal for the automobile industry, particularly in the USA - I believe it's accurate, To say that PALLADIUM is providing a historical evaluation of economical progress in the United States. The main methods of transport (Cars, Trucks, Tractors, etc.) are huge driving forces behind active commerce. Manipulated markets (E.G. Dow Jones, S&P500) do NOT provide correct valuations regarding economical progress, To my knowledge, PALLADIUM adjusted to natural fluctuations as they should appear (without FED interference). Based on bearish sentiment, I expect PALLADIUM to drop to $1,100 & below (alongside #DJI), This is roughly 50% from its previous fibonacci support level as shown in the chart above. Upon further decline, our estimates for opportunities can be more precisely measured: i.pinimg.com Bull Trap has been displayed - Entering return to "normal" phase: static.seekingalpha.com
TVC:PALLADIUM
by AaronHynninen
1
PALLADIUM 1D TRIANGLE BREAKOUTTriangles are repeatable trading chart patterns. Triangles are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
OANDA:XPDUSD
by Tradingstrategyguides
4
"FED-PIG" PLAY - Metal Strangle - Long Palladium, Silver HedgePalladium is one of the most interesting niche long ideas that I've been following for some time. This rare metal has appreciated 3-4x in a very short period of time. That is pretty wild, given that it is a commodity that has always existed on Earth. While there are certainly gov't related supply controls, demand is skyrocketing due to its extremely limited availability and its rare chemical properties used to manufacture vehicles in the aerospace/automobile industries. In fact, there seems to be some slight correlation between Tesla's share price and palladium's p/oz. Might just be a coincidence though. In any case, the FED is likely to drop rates in order to keep in line with their efforts to push the market higher. Any sort of dovishness will be bad for everyone, unless you are somehow still holding a short position from 3 months ago. Otherwise, I think these FED minutes will serve as another catalyst and that it actually has not been fully priced in to the equities markets. However, one way to play this is to strangle commodities to account for an ambiguous reaction to interest rate guidance. All else equal, silver is the obvious pick to short and gold, long. However, I think palladium can benefit more than gold from decreased rates because it is overlooked. Gold may have already priced the best case scenario in already, which is a fair assumption given recent institutional interest. Thus, one creative play before 2 pm is to long Palladium forward contracts for next month and buy offsetting puts on silver miner ETFs. Will be a fully fed pig by end of day, that I am sure of. TVC:PALLADIUM TVC:GOLD TVC:SILVER
TVC:PALLADIUMLong
by UnknownUnicorn5511258
2
ridethepig | Palladium Market Commentary 2020.06.15Here the consolidation is condemned to break for the common good, as a diversionary sacrifice. Covid cases will act as the catalyst undoubtedly. The question is only and above all when? For those tracking the breakout momentum is much more on the buyers side, clearly defined jurisdictions are on both sides of the map... As a quick cheatsheet: Strong Support (1635) <=> Soft Support (1750) <=> Soft Resistance (2300) <=> Strong Resistance (2800).
OANDA:XPDUSDLong
by ridethepig
4
PALLLADIUM is ready to popPrice is coiling inside the asymmetrical triangle. Historically, this pattern is prone to volatility once price reaches the apex. The next two daily candles will put price outside the pattern. If there is continued risk taking and positive market sentiment across all financial markets, then there is increased probability that Palladium will develop a new bullish trend. However, it worth noting that the S&P 500 has traded higher over the last several days/weeks while Palladium has been stuck in a no trend scenario. Pay attention to risk and potential fake outs.
TVC:PALLADIUMLong
by tradingwithyg
1
SBSW & PLG breakout coming Two platinum/palladium miners that are set to catch up with the broader market rally. SBSW: Above its VWAP from recent peak, VWAP from February peak and VWAP from March low. Also consolidates above 50 EMA which found support at the 200 EMA and is now pushing price higher. I have removed the 5 and 20 EMA in order to see the VWAPs but please add them to your own chart and you will see they are in a very bullish position. PLG: Still has some work to do consolidating below the 200 EMA and VWAP from recent peak, while above the 50 EMA and VWAP from Feb peak/March low. I have picked the $1.70 level as the final resistance level. I am going to watch SBSW as it is technically closer to a breakout, and if the breakout occurs, PLG has a very high probability to move higher.
NYSE:SBSWLong
by ETrades1