Trading plan for PALLADIUM - Short Strategy – PA1The market goes back down but a major resistance could limit the fall.
And don ‘t forget to take your profits…
Palladium
Trading plan for Palladium - Short Strategy – PA1Zone Sell : 1912.2
Target : 1895
And don't forget to take your profits...
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).
neutral on palladium palladium is ranging, no bull order power no sharp down spike , so no trade yet
Top 2 Biggest Industrial Contraction Ever? Methinks YesJust an idea, haven't shorted it. If there's a fundamental reason you think Palladium should be higher, please let me know.
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.
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.
Palladium Undervalued To Gold & Volaility ExtremePalladium on the weekly is undervalued compared to gold. Volatility is also at extreme point & declining. Expecting a move to upside.
DXY (COT Analysis)Okay, here is the DXY or the Dollar Index. Part 1...
This post is going to be quite long as it is going to serve as the post that introduces something im gonna try and update weekly. the COT Report. Now, i had no idea what the COT report was until i watched and looked at a very popular, here on TrdingView, trader's charts and saw his very useful indicator! I did my own research and thanks to another popular trader, again here on tradingview, who helped tremendously with providing some very useful resources i was able to learn about the COT.
Now Here is going to be a trial, mainly for my own reference, to track which pairs too look out for. So without further wait:
the USD Bias- Undecided
Commercials - current== (16 438) and the previous == (18 407)
Non-Commercials- Current== 14 799 and the previous== 17 297
Open Interest - current == 28 298 and the previous == 31 477
What does this mean? This means the Dollar is stalling right now. The open interest went down which suggests that both sides closed out positions without opening up new ones. the non commerciasl are still selling and the non-commercials are still buying which is giving us the slight rise in PA. However on the COT Index the Gap is closing between the Commercials and Non-Commercials., nd both sides are nearing the Zero Line. the last time this happened the Dollar fell to 86-87. This might be just a profit taking session to give the DXY a slight rest as the 30 year bond rate on the COT index the Commercial failed to take out their previous buying high set in april, so we could see bond rates go lower while the interest gets a bit higher attracting more investors into the American economy!
The Euro Bias- Moderate Buy!
Commercials- Current== (-106 256) previous ==(-102 594) change == (-3 662)
Non-Com- Current== 75 222 previous== 72 562 change ==2 660
Open interest- current== 556 749 previous== 547 206 change== 9 543
What this tells us is that the Commercials are still selling to the Non-Commercials and this is deduced from the increase of the Open Intrest. The euro makes up ike 56% of the DXY and this currency is a moderate buy! now what i want to see is another increase in long orders so the COT index exceedes the current Buy level. Its no Seceret that Germany is the Back Bone of the Euro providing 20% to the Union Budget followed by France and the UK at 15%. Now Germany's main Export are cars and other electronics and Platinum and Palladium are main metals for those as they provide for conduction in the electronic compntes and for emission parts on cars. Both metals took a hit in price and Commercial and Non-Commercials have relieved both sides during COVID-19 making both metals cheaper. now when the economy opens back up i would not be shocked if the main compaines that make these pieces of equipment and cars to buy a surplus to Hedge their physical position causing a slight dip initially in their profit share only to expand in the long run causing the Euro to grow stronger as Germany offers more to the Union Budget.
To Be Continued...
Break Triangle on palladium.Palladium break triangle. Next stop about 1500-1600 USD, in high level support?
Palladium's missile is ready for deployment to tag all-time highThis is a hot trading opportunity as price could retest the all time high.
+45% from the current level
Switch assets:Dow Index versus Gold, Silver, Platinum, PalladiumThis shows the Quotient of the Dow Index versus Ounces of Precious Metals
Gold, Silver, Platin, Palladium
Ir shows whether metals are cheap or expensive compared to the Dow Index.
Low values mean: buy that metal, since it is cheap compared to
High values mean: sell that metal, since it is expensive compared to stocks
This is the game that the rich and wealthy play - switch between classes.
Short opportunity Palladium 25 May, 2020The value of Palladium has been declining for several months and I see now another good opportunity to short as price seems on the verge of breaking through the support at 1947 area. I am interested in taking a short, with stop above 1983 to target just above 1780. The R/R justifies this "with trend" trade.
The memorial day holiday in the US will mean rather thin markets on 25/05, so please be watchful.
If you like my analysis please give it a "thumbs up" and follow me to get immediate notification about my posts.
As always, please use sound money and risk management in all your trades.
Palladium fibonacci-break-outPalladium 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.
Palladium LongWir haben eine sehr starke Unterstützungslinie seit 2018, ausserdem ein großes Dreieck im Tageschart.
Edelmetalle sind in der Corona Krise gefallen, nun hat sich ein Ausbrechen nach oben auch in anderen Edelmetallen (wie zum Beispiel Silber diese Woche) bestätigt.
Der Commitment of Traders Report von gestern sagt aus, dass die großen Firmen, die mit dem Edelmetall arbeiten, alle groß investiert sind. Das ist geschenktes Insiderwissen - bestätigt auch das Ausbrechen nach unten. Bei Edelmetallen kann uns auch nicht die FED oder EZB einen Strich durch die Rechnung machen. Ich sehe hier alles bullish.
Ich setze den Stop Loss bei knapp unter allen Unterstützungen bei 1760 - Happy Trading!
PALLADIUM Falling Wedge IdeaPossible falling wedge on XPDUSD
Included a critical point which is adjacent to Fibonacci spiral
Buy on breakout of wedge at critical point or earlier.
Sell opportunity arises - PalladiumNot a lot specific believe or view behind this post, apart from technicals.
Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news.
We had lower highs, higher lows, then breakout of the triangle, trading down and setting now low, retesting upside now and we have some EMA's hanging, together with the falling trendline .
Wait till Palladium enter's the red zone, and sell with your own prefered SL/TP.
Trading is not about copying but about forming your own opinion.
Sell opportunity arises - PalladiumNot a lot specific believe or view behind this post, apart from technicals.
Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news.
We had lower highs, higher lows, then breakout of the triangle, trading down and setting now low, retesting upside now and we have some EMA's hanging, together with the falling trendline.
Wait till Palladium enter's the red zone, and sell with your own prefered SL/TP.
Trading is not about copying but about forming your own opinion.
