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Palladium

PA1. Palladium looks like a solid Buy optionPalladium futures are in a corrective Wave C according to my Wave counter. Broke Daily 200 MA and 200 WMA and looks like now have a clear path forward. Daily RSI may be slightly overloaded so there may be a short correction after the immediate ascending but the ending target of 680 figures looks very reachable. On fundamentals, Palladium hasn´t forwarded the Gold rally therefore has a similar or bigger room to run. Also, looks like there may be a temporal shortage of a supply for this metal: www.metal.com Buy: at current levels SL: 580 TP1: 620 TP2: 650 TP3: 680
NYMEX:PA1!Long
by captain_smollett
1
It's metal timeAll precious metals started a bull market a couple of months ago and they're consolidating. The difference with palladium which makes him more interesting than the others (silver, gold and platinum) is that he's the only one that hasn't made the golden cross: 50 over 200MA. I made a rough linear approximation and this should come somewhere in the middle of may. Please observe the behavior of the other metals when this situation occurred. The Ichimoku proved to be useful as a support level in gold on the last drop, and it is the case here too. However I believe it is climbing too fast, so there will be some correction in the short term, but staying inside the pitchfork. Good luck with your trades, and please share your comments.
XLong
by purpurato59
Palladium: Staging a rally from oversoldPalladium has a very interesting setup, I'm looking to enter longs in this instrument very soon. If you can't trade palladium futures, you can trade PALL, the etf. Try to keep risk at 1% per trade. The entry would be a buy stop confirming the rally, for specifics about entry, stop and trade management contact me privately. You can trade with your own strategy, if your analysis matches mine as well. Good luck! Cheers, Ivan Labrie.
NYMEX:PAH2016Long
by IvanLabrie
8
Palladium Target 20 WMAWe took the risk to go long as there were several key support zones but price action sliced through and broke lower. Even the 200 WMA did not act as a strong support and the flush came hard on Palladium. This has certainly damage the chart and the weekly MAs could soon roll over lower (20 WMA already crossed below 100 WMA and 50 WMA could follow suit - potentially create a death cross). In the short term, Palladium could find support at 690 levels and a corrective bounce may relieve some of the selling pressure. However, the medium term outlook is to sell into the corrective rally. Corrective Rally Long at 690-700 Stop 680 Target 750
XLong
by sugardaddyFED
Strong Palladium - Weekly Technical ViewSolid performance by Palladium as it storms ahead to take out several key levels. We are deviating slightly here but the daily chart shows that price failed to close above the 200 DMA and this could mean that a slight pullback in next week price action to test 780 levels but we expect the run higher to continue. Coming back to the weekly, the price action will soon reach our price target currently sets at 809. We notice that the price action could continue to range trade within the red lines. Upon closing the long positions, we could wait on the sideline to confirm our next outlook.
XLong
by sugardaddyFED
Perilous PalladiumPalladium remains a difficult metal to trade and given the bounce of the 50% retracement at 754, we are seeing a strong demand and potentially higher move off this price. We cannot rule out another attempt to take out 787. 1st Buy on the break of 787 with a stop at 778 (risk 10 points) target 804 (reward 17 points). 2nd Buy should price pullback between 765 - 775 level with stop at 756 target between 790 to 800 level. Should the target profit hit, we could look to reverse the trade and short Palladium.
X
by sugardaddyFED
1
PAL Chaikin Money Flow BullishTrading today has been bearish for the stock as people take profits near resistance. However, the Chaikin Money Flow (CMF) is above zero which says the bullish trend is still in effect. The CMF operates regardless of how bullish or bearish market participants may opine to be one day or the next. As seen on the chart the trend remains upwards as the CMF is above zero. Thus when the CMF is bullish above zero, and the chart shows red days, peaks, drops, or consolidations these are possible buying opportunities. It really is not much different than going to the store and shopping with coupons. Read more about this indicator and its uses at www.tradingview.com Note that this indicator should not be used as a stand-alone buy or sell decider. It can be out of sync at times but it is helpful in confirming chart trends if it has worked in the past, just like any indicator or system one might use. If it seems out of sync then perhaps people are drawing trendlines on the indicator to see where it breaks through instead of seeing when it crosses the zero line.
BATS:PALLong
by trademan1
Palladium getting ready to rallyWhile other precious metals are in clear down trends since mid-2011, the palladium market has always remains well-bid thanks in part to its relative rareness and the fact that it has similar industrial qualities as that of platinum at a lesser cost. Looking at the long term chart of palladium futures, I get the sense that this metal is getting ready to rally this spring after having carved in a significant base above 750 over the past 4 months. I'd say that the $820 handle is likely to be hit sometime in March, and a break above this resistance could free up the path for a rally all the way back up to $900 later on this year.
NYMEX:PA1!
by ABRAK75
3