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Palladium

Palladium (PA1!) - vroom vroom vroomYou are probably asking what is palladium? It's an important rare earth metal used in electronics, catalytic converters, dental fillings and other industrial uses. Major mines located in US, South Africa, Russia and Canada. Falls within the same metal family as Platinum. Use cases: Automotive - 53% (used in catalytic converters that makes car exhaust less pollutant) Dental - 11% (dental fillings) Electronics - 15% Jewelry - 10% Other -11% Global car sales have been on the rise and therefore more catalytic converters needed for US, China and India sales. What an amazing run from January 2016 to January 2018 seeing nearly a 3x in price growth in Wave 1. Global US car sales continue to climb supporting a continued need for Palladium. Next Move: Palladium eyes 161.8% to $1540 and then faces possible correction. Trade Idea: Take 25%-50% profits when the ADX hits 50 on the DMI. Stochastic and RSI showing sell signals as overbought. If there is a correction we expect there to be strong support at $1100. If $1100 falls the 200 Week MA will be very strong support. Regards, Bobby
NYMEX:PA1!
by UnknownUnicorn1615160
Palladium: Bullish continuation on ideal conditions.XPDUSD (Palladium) has made a new Higher Low on its long term 1W Channel Up (MACD = 89.310, Highs/Lows = 86.3564, BBP = 189.9320) and due to the overbought RSI = 77.424, it should slow down its uptrend within the next 20 sessions. This doesn't necessarily mean that it has to consolidate sideways, but as it did on the late Oct - lat Nov period, it may rise slowly on a more standard Channel Up. 1D has created the perfect conditions for this (RSP = 58.571, Highs/Lows = 0.0000). We are going long again on Palladium with TP = 1,455. See our previous long term bullish report on Palladium (compared to Gold) and its strong long term buy bias. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
FX_IDC:XPDUSD
by InvestingScope
1
Looking for a top in Palladium ... => This is a very important chart update for those following Palladium => Here from an EW perspective the market is starting to near the extension target for the 5th wave ... we know in advance that this will trigger a lot of profit taking as bulls begin unwinding their positions after 3 years from the early 2016 lows. => It's time to stay alert and watch price action like a hawk at these levels to see how it develops. The correction could likely end up retracing anywhere from 23.6% - 38.2% of the entire advance which would put fair value around 860. => Keep your eye here as we are ending the year sharks are looking to start trading 2019 expectations as early as possible so we might kickstart this flow with a knee-jerk from FED.... => Good luck to those who are trading Palladium and other commodities for the year ahead.
OANDA:XPDUSDLong
by ridethepig
3
Palladium Forecast: The dream came true and there is more to goLast year we entered a long trade on Palladium at 1125 USD. Our midterm target was 1350 USD. We have reached our target. However, as I mentioned in my forecast, the longer term targets of the Palladium prices are higher. I called it the “New Gold”. The reasons were very well explained. You can read the forecast PALLADIUM. I wrote that 1350$ is not a dream. The traders who invested in Palladium futures instead of spending time with gold trade made fortunes. Even the global growth concerns, trade wars could not stop the metal. Positive news from the US- China trade talks will boost the bullish momentum. RSI has rooms for upside. I just want to give the levels: 1375, 1437 and 1500. Good Luck
OANDA:XPDUSDLong
by chartreader_pro
2
Palladium - Rare topThis thing is at or almost at the top. I shorted Friday like 4pm, think there might be more one up if it does ill close and short higher. Each candle is a week. Catalytic converters. Used in diesel cars when the forward way is electric. Just IMO. I am already short at 1305, my book, it has a bit of vig involved like 10 pts so imo pretty good point. I think I am comfortable here but there could be one more up. Ill stop if it breaks the current top and buy a short back at 1350+. This will see $800 in 2019. Can be played with BTC and massive margin @ bit.ly Fibs on the left is the bullish side, the right, the one im betting on hopefully works. Breaks that 1.0 im wrong and totally cool with that. This will be a money maker in 2019 guys gonna lose a tone of value. With like 50x margin, you can increase your stuff big. You can also lose! - You get the idea. Forget about waiting days for crypto to move. Use it to make a bigger number. its just digits/numbers. Make them bigger you are winning.
OANDA:XPDUSDShort
by amutt
Palladium is a friend to the environment... and it could be yours too! Palladium is at an interesting juncture here. It is worth following. Technically, the outlook is extremely bullish. Double bottom within a double bottom, an enormous consolidation right at the top. This is a platform to launch way higher. I've found big similarities with Bitcoin's price action and patterns of the last 5 years. Some coincidences are unbelievable. The profound scarcity on both could be the driver. Although Palladium's trend is slower (there's nothing faster than bitcoin), this structure is way more solid. It has broken to all time highs this year, and after a successful retest it is now marching up trying to discover its fair price. It could have a tremendous jump in the following years. Fundamentally, it is also attractive. Palladium is very scarce and the main application is industrial, employed in an after treatment coating in vehicles exhaust (catalytic converter for combustion engines), helping reduce harmful emissions. This subject gained a lot of traction given strict European legislation towards global warming/climate change, and the failure to comply by auto maker companies such as Volkswagen (2015 scandal). This metal has only recently started to shine as a precious metal investment. While RCM has been producing 99.95% pure palladium bullion coins since 2005, US Mint started last year 2017 with a ridiculously low mintage. The risky element is that palladium demand depends on cars production, and as such the price could be subject to Global Macro conditions which are very sensitive right now and the years to come. In 1999-2000 it had its previous explosion in price with the commodities boom nurtured by geopolitical issues and shortage of supply. The number 1 producer in the world is Russia followed by South Africa. Public attention is still quite low, but palladium recently captured a few investors and journalists attention naturally, after breaking to all time highs and surpassing gold's price per ounce... some media have been reporting palladium as "the most expensive metal in the world" (inaccurate).
TVC:PALLADIUMLong
by RooKiED
2
palladium vs PlatinumTechnically speaking, platinum can be due for an uptrend. But could take months for it to show sign of uptrend. The last great shortage fear-induced panic buying spree in palladium occurred in 2000-2001. (It was only last month when palladium finally took out its 2001 high.) Palladium's great bull market began quietly in 1997 at about $125/oz. Over the next four years, a cumulative 800% gain occurred. By contrast, from 1997-2000, platinum went nowhere. It began trading at a discount to palladium in 2000. By the time palladium prices peaked in 2001, platinum was sporting a $400 discount to its sister metal - the same as today. What is next for platinum could be similar to what was next for it back then. By 2002, platinum prices caught up with palladium's. Platinum proceeded to embark on an epic bull market - from under $500/oz to over $2,200 when prices peaked in 2008.
OANDA:XPTUSDLong
by SIUSHINGTO
Palladium Forecast: Price hits the new records as supply deficitPalladium prices ended the week at 1176 $ / Ons – Spot Rate – hitting the records high. Along with Rhodium, Palladium is the shining star of the precious metal sector. Both precious metals flew high due to a growing imbalance in their supply and demand fundamentals. Demand for physical palladium is one of the important factors to consider especially because there is a global supply deficit since 2012. Palladium has significant industrial uses with most of the demand coming from the auto sector. It is the critical component in catalytic converters, which reduce harmful emissions in gasoline engines. Supply Side: The car demand is solid across the world, and trends are toward big SUVs in the U.S. and small gasoline engines in Asia. All of these are growing palladium demand. The optimism that the U.S. and China could reach a trade deal in the near future is adding to the momentum in an already bullish environment. Demand Side:The mining supply for 2018 is expected to be flat as a decrease in South Africa and Russia may be offset by a gain in output from Canada according to Metals Focus data. The supply fundamentals continue to favor Palladium prices, especially if Chinese growth begins to pick-up. Although, there is a risk that palladium prices fall in the near-term as sentiment on the global economy sours the market players see any selloff as a short-term move. Even if the global economy weakens, we need to see a major slowdown in global growth to impact prices. Speciality chemicals company Johnson Matthey calculated that physical demand for palladium exceeded supply in recent years: Demand exceeded supply in 2016 by 89,000. Demand exceeded supply in 2017 by 801,000 ounces. For 2018 the forecast to have another shortfall of 239,000 ounces. Summary: Supply deficit will continue. Physical industrial demand for palladium may have shown structural deficits but the price did not react accordingly. Why? The answer is in massive ETF outflows of physical palladium. ( See Bloomberg’s Article Sep 28th : ) ” Prices are rallying sharply, likely because of a squeeze in the market and tight supply and demand for the metal but HEDGE FOUNDS ARE LARGELY UNINTERESTED ” Does it mean that the palladium ETF outflow was meant to close the gap of the supply deficit in the car industry? Focusing on the physical demand / supply imbalance, it seems that in 2019 the ETF outflow will have reached its limit, and the physical shortage will have no easy to fill the gap. The New GOLD ? Meanwhile, Palladium prices are gaining on Gold. It is possible for palladium to trade higher than gold if palladium supply continues to be muted, demand for autos and electronics increases, and tighter emission legislation further takes hold in China and the U.S If we look at the matter technically: All times high 1125 has been broken. This can be the beginning of a new big bullish move. This week we will focus on 1125 support. If the prices hold above 1125, the first level to break would be 1187 $. And breakout of 1187 $ would lead the prices 1202 $ and 1218 $. Our midterm price prediction is 1250 $ and 1350 $ ( By the second half of 2019 ). Note: On the smaller chart timeframes – H4 Chart – we see a bearish butterfly pattern indicating a minor correction. Potential pullbacks towards 1125 and 1061 should be used as buying opportunities.
OANDA:XPDUSDLong
by chartreader_pro
PALLADIUM (XPD/USD)We can expect to scearios to occur. Scenario 1: The price can either go to the top of the uptrending big channel; and reject the resistance, bouncing back to the downside, or to breakthrough and continue with the bullish momentum. Scenario 2: Price could either move downwards and break the resistance on the small channel, and continue going down, or reject the bottom resistance of that trendline and go up. My bias is short as i expect the price to go up an fail to penetrate the resistance of the ascending big channel
TVC:PALLADIUM
by munyaelliott