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Palladium

XPD/USD Possible Downtrend Continuation Palladium started its Downtrend after reaching the top of its Uptrend on June 20 @ 05:00. Now we are at our second lowest High peak of the descending channel with signs of continuous falling. Downtrend continuation will be confirmed when price falls below 1499.712 then solidifying the move once price falls below 1495.030. Both MACD and RSI show potential upside move, therefore having our two price levels around busy consolidation areas will give both indicators time to reset for the new move. -LNP Investments.
OANDA:XPDUSDShort
by tonyinvests
IVANHOE MINES LTD - TSX: $IVN Builds Its Right-SideSince recapturing its 200DMA back in February, IVANHOE MINES LTD - TSX:IVN has been trending sideways and in the process, building-out a massive base as we can observe from the Daily chart above. Additionally, IVN continues to trade above all of its important moving averages 20/50/200 and remains in fine technical shape. Furthermore, if one were to zoom-out to both the Weekly and Monthly time-frames, you can see that IVN is in the process of building-out a potential inverted H&S pattern that should such pattern materialize and complete, would suggest a measured move to the $5 - $5.25 zone. Thus, both investors/traders may want to pay close attention to the action in the days/weeks ahead for if IVN can clear the $3.65 hurdle, such development would likely trigger its next meaningful advance into northern territory.
TSX:IVN
by InsiderFinancial
Palladium Exhausted After A Huge RiseLast post: April 3rd 2019. See chart . Review: Price was finding resistance at a former support level. Update: Price has now gone into consolidation. Conclusion: We need to see how long price remains in consolidation and stand aside for now. We need a breakout from consolidation before considering any trades here. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
TVC:PALLADIUMLong
by Sublime_Trading
2
Bearish divergence evident on Palladium Spot price $XPDUSDPalladium has had a run that can be described as nothing short of extravagant. Since bottoming out recently on the 16th August 2018, we have seen the price rally from $833 to the current high of $1615. To put it into perspective, that means the palladium price has basically doubled in a space of 7 months. With the recent inversion of the yield curve and markets taking a breather on Friday, we have seen the Palladium price come off +-3% in the form of a massive bearish engulfing candle. What is also interesting to note is that we are seeing bearish divergence where the RSI indicator has formed a lower high, not confirming the higher high in the spot price of Palladium. These kind of divergences can often result in quite a strong correction in price. Although i am by no means trying to call a top to this parabolic move (which is dangerous), i think the chart is finally starting to show some signs of caution. Also if you look at the weekly we have formed a massive weekly reversal candle which could further add conviction to this bearish call. I would prefer to see the recent daily closing lows of $1516-$1517 taken out to be fully comfortable an interim top is in place. If anything, caution is advised chasing this extreme move. Perhaps we also start to see the local platinum miners on the JSE consolidate their recent strong moves $JSEAMS $JSENHM $JSEIMP
OANDA:XPDUSDShort
by MarcoOlevano
1
Palladium - Short term top?Good weekend everyone, lets look at Palladium, a metal similar to platinum and very used on eletromechanics system like relays, also used on OIL industry as a catalyst. This metal has been on a very long term rally upside that never seens to stop, but, nothing go up or down forever. This week candle closed as a bearish pin bar and as we can see the volume is getting smaller and smaller, now, of course i'll not trade based ONLY on a simple pin bar, and since we are at ATH we dont have previous resistances to analyse =) Daily chart is where im looking forward a short opportunity, if the price break and close below orange line i may short with good RxR targeting fico retracement zones and weekly 50ema. The low volume on last wave say that maybe the demand is slowly decreasing, maybe its too expensive now our beloved palladium ? And now we have a beautiful RSI BEARISH DIVERGENCE which give us confluence to try this one. Anyway remember, trade AGAINST the main trend is always dangerous and the main trend for palladium right now is BULLISH, thats why always trade with proper money management. This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
OANDA:XPDUSDShort
by MarcelMartins
Palladium - Going HOT!Here is my analysis on palladium. Although the raw material is very important for batteries of electric cars, it has now come in a resistance area, where I think it will not be so easy to shoot beyond. First, the red C = red A and the bracketed C is 1.618 * the length of the bracketed A. That would be a harmonious conclusion of the upward movement and now it would be advisable to secure profits. As a producer of palladium, I would now sell 50% of my annual production on the futures market for the next 5 years to secure cash flow for the long term. The other 50% of annual production I consider a reserve if the price continues to rise. If, as expected, a top is formed, then I would sell another 25% of the production over the long term. However, it is important to be quick, because the competitors will then do the same and then the price would develop along the black arrow.
TVC:PALLADIUM
by StefanBode
1