Palladium
EEM vs PA and AutosEEM vs PA and Autos
Palladium follows EMs and Autos.
Palladium has diverged due to tight supply?
GM and Palladium: Interesting chartWe have a sizeable spread in $GM vs $XPDUSD currently, and price is trending up strongly in daily and weekly $XPDUSD.
If price breaks into new highs here it could be flashing a strong signal for auto stocks, so I wouldn't be shocked to see $GM gain steam from there onwards.
I'm currently long $GM with 10% allocation and no stop loss, but also no leverage. Looking forward to see the outcome of earnings.
Cheers,
Ivan Labrie.
Palladium Bearish Deep Crab Type 2 reaction Pattern Complete!This is a long term type 2 harmonic signal. our 38.2 Fib was hit and now the price is back to the pattern completion area. from here on we can likely expect the price to target the 61.8 fib retracement of the main swing. for the entry and exit criteria of the trade please refer to the main chart. you can take this trade short once the market opens.
Major Platinum Long OpportunityPlatinum acts as a substitute to Palladium for material in catalytic converters. Only quite recently has the price of Palladium soared (currently at 1,070) above the price of Platinum (816), this will make platinum a more attractive option for producers and this demand should drive the price up.
The Platinum price has bounced strongly off the all-time low support set in October 2008. I will be looking to take up a long position very soon and will hold that position until a price of 1,000 has been reached.
This is not investment advice. I use these posts as a method of self-improvement in my trading. Good luck!
Palladium SHORTPalladium hits 161% fibo level after a strong bullish rally. We can expect some fall back towards 23% - 38% fibo if it is unable to break the resistance above 1085. Short play take profit targets 1030 - 990 and Stoploss 1095.
Good short or long opportunityLooking at the wicks where price has on the daily chart, it looks as if price has rejected that point and wants to go down. However, decides to go up and break resistance, you should expect some kind of impulse.
Palladium - $/oz 1.030 TargetPalladium is in my opinion in a broad correction wave, within which it should now come to a price increase to $ / oz 1.030. There, in the favored scenario, the wave B could end and within the framework of the wave C with new lows up to $ / oz. 870. Alternatively, a (a) (b) (c) (d) (e) formation forms before the wave C starts.
A bullish scenario will only start at $ / oz. 1,090.
Greetings from Hannover in Lower Saxony
Stefan Bode
Platinum cheap relative to PalladiumIt's rare for Platinum to fall below the price of Palladium. Perhaps a Platinum buy opportunity
XPDUSD Short Trade SetupHello traders.
I think down move is either a weekly correction or daily correction or impulse. In any case, there is a big potential for more downside. That's why I'm looking for short trade setups. I have an entry order because the structure looks like a correction so far. In the meantime, I'm waiting for the breakout and a correction to take a short trade. If I can take any, I will remove the entry order. Target is not clear, leave it empty.
XPDUSD Short Trade SetupHello, traders.
I think down move is either a weekly correction or daily correction or impulse. In any case, there is a big potential for more downside. That's why I'm looking for short trade setups. I have an entry order because the structure between yellow lines looks like an expanding flat. Target is not clear, leave it empty.
Palladium long...Palladium long. The exchange rate reached the bottom of the correction. This level is 900 usd. The figure shows that XPDUSD corrects in a double wave structure. Then this is followed by a steep rise. The structure of the dual waves of the last weeks is distant. Especially due to the decreasing ATR speed. Therefore, the further increase may be half as much as the more permanent rise ahead. If the place is the theory, I expect a steeper rising wave with a sloping slope. The primary target price is 1377 usd.
Long Palladium @ 928.10; TP @ 953.54, SL your choiceLong Palladium @ 928.10; TP @ 953.54, SL your choice
PALLADIUM DAILY LONGBuying opportunity trend continuation + H&S pattern 100MA support above 20MA RSI oversold with bulls having control RSI bouncing from 50. Bullish on commodities especially this bullish trend if you can hop and buy the dips will be very profitable. 3 opened positions 3 targets. Good RRR on all of them. Good Luck $$$
XPDUSD Short Trade SetupHello traders.
After new all time high record Palladium turn down sharply and then it makes a correction. I put an entry order below previous bottom with stoploss above last top, because we have broken trendline. When it is tagged, I will move the stoploss above the correction (for now 1050). My long term forecast: Target is huge. Even if it makes a lower degree correction 0.50 retracement is 800.
Palladium: Its benefits and price forecast 15 Feb 2018Palladium is from the Platinum family of metals and has a lower melting point. It is used as a catalyst converter (Fancy for: used to make one chemical into another bu using the Palladium as a catalyst. Over half the global supply of Palladium is used for this purpose. Will we see a strengthening of emissions rules on Commodities? Probably not. Given the high utility of Palladium and its view as precious and useful by large industrial conglomerates, I see the metal leveling out at $115 as we approach end of March 2018. If we look at the strong Yen you'll see a direct correlation in the charts between the 2 prive levels (Yen) (Palladium).
PALLADIUM BUYWe last bought this in October for 920 to say we got out too early is an understatement. Since then we have been waiting to get back in and never had the opportunity, the current pullback looks pretty good:- unfolding in 3 clear waves against a recent new high. Divergence at the blue (3) top adds to the case suggesting that the move higher had lost momentum rather than being over.
The green trend line is a little lower than I would like but was not tested on the two previous pullbacks (neither of which we traded) so it may not be this time. We still like commodities higher but do not overload Commodity risk.
Short Palladium @ 1037.00; TP @ 995.00, SL your choiceShort Palladium @ 1037.00; TP @ 995.00, SL your choice
