Palladium
PALLADIUM - Short PositionPalladium slipped 4.6% to $2,252.68 per ounce, after fears of supply disruption due to the Russia-Ukraine conflict drove it to a two-week high on Monday.
SPPP boom on the horizon? Here's a potential catalyst...Thesis: Russia/Ukraine tensions threaten to disrupt the global supply of Palladium- a precious metal used to produce semiconductor chips. Small chip producers, particularly in smaller countries like Taiwan, companies may not be able to get their hands on enough supply. Palladium prices may increase if that happens....Plus, from a TA perspective...check out the perfect inverse head-and-shoulders. This looks like a strong buy, and I'm hunting for a few more diversified bets to (hopefully) seize this opportunity.
May the profits be with us all.
Bullish on PalladiumWhy am I long on Palladium?
- The majority of palladium supply comes from Russia and Ukraine, and with current economic conditions, a supply shortage (aka price increase) is likely.
-Inflation is out of control in. When almost every other country's currency bleeds against the US dollar, this is not a good sign. Precious metals to the moon!
- A bounce off the long term upward trend line is pretty bullish and shows that although the current price seems high, there could be a lot more upside ahead.
Palladium - a small short before the move higherPalladium has just provided three reasons why I will look for a retracement before looking for the long.
1. Market has reached a trend line connecting tops - 9 month span
2. Market has hit the 1.272 from high 18th Nov (double top) - low 31th Dec - the 1.272 is the pink line. Note: We need to take in to account the larger swing from Dec15 - present.
3. Market has hit the 618 of the last big swing from high May 21 - 31 Jan - the black line is the 618
From here we look for a pullback to the 382 that happens to be a strong support zone - light blue line
After the pull back we go LONG with an ABCD pattern and the top of our range box to reach our target.
Palladium - Still not too late exit Buy- Reversal in progress Palladium - Still not too late exit Buy- Reversal in progress. Keep tune up for the next update.. watch out for the reversal.
PALLADIUM DAILY BUY SET UPHi TRADERS this is my trade set up for PALLADIUM for the new week ahead
PALLADIUM I am expecting a break above the 22066.50 level , so I am only looking for a buy trade after this break out
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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PALLADIUM (XPDUSD) Breakout !!PALLADIUM (XPDUSD) has given a breakout from falling trendline and is sustaining above it.
We are expecting bulls to continue their attack and break all minor resistance. A buy on dip stance should be adopted with calculated risk one can ride the uptrend.
Trade your levels accordingly.
Is palladium okay? PALLADIUM There has been a massive drop on palladium (at least on this ticker) showing a pullback to about $900.
Sibanye-Stillwater has broken out of consolidation $SBSW is looking to enter its next leg up, as it has broken its downtrend on the recent Rhodium strength.
PALLADIUM- Updated chart (Price at resistance)XPD/USD bears aim for 50-DMA during four-day downtrend
NEWS | 1/3/2022 5:34:27 AM GMT | By Anil Panchal
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Palladium stays pressured around intraday low, keeps pullback from five-month-old resistance line.
50-DMA, 23.6% Fibonacci retracement level limits immediate downside.
11-week-old horizontal line adds to the upside filters.
RSI retreat, failures to cross immediate hurdle signal for the downside.
Palladium (XPD/USD) fades bounce off intraday low, down 0.12% on a day around $1,919 during early Monday.
The precious metal rose to the highest since November 22 before stepping back from a five-month-long descending resistance line during the last week.
The pullback moves do gain support from the RSI retreat, which in turn directs the sellers towards a convergence of 50-DMA and 23.6% Fibonacci retracement of May-December south-run, near $1,885.
It’s worth noting that September’s low surrounding $1,849 may offer an intermediate halt during the quote’s downside past $1,885 before the bears can aim for the $1,800 threshold.
Meanwhile, recovery moves need to cross the stated resistance line, around $1,965 at the latest, to recall the buyers.
Even so, the $2,000 psychological magnet and tops marked during October-November, near $2,180, will be tough resistances to cross for the XPD/USD bulls before retaking the controls.
Our chart worked really well again. Take a look:
One Love,
the FXPROFESSOR
At the end of the correction? It is quite possible that 2022 will be a special year for precious metals. But here first on a short distance, how the course could result.
when this ratio breaks down, I hope you own some platinumZoom in on the weekly palladium/platinum ratio.
When this drops, it means platinum is outperforming palladium.
In July 2001, that top on the ratio broke down, and gold and platinum both did 400% (4x) in 6 years.
This is a very important chart that many are missing.
PALLADIUMPalladium chart is a train wreck
I would be very surprised if it doesn't visit the corona lows
And even with a significant bounce it's likely to be in a bear market for sometime
NOT INVESTMENT ADVICE
Note- action-reaction chart in log
Also- smacks of a slowdown/demand-side problems in 2022
Palladium Is Longing for RecoveryPalladium futures are falling for the eighth consecutive month from their peaks at $3019 per ounce in April-May this year. And there are a number of reasons for such a decline as palladium is used as an industrial metal for the production of car components that are used in high-ecological standard engines. However, the car production industry is suffering due to lagging demand and supply chain disruptions.
The other reason is persisting expectations about the faster tapering of the bond purchasing programs and interest rates hike by the Federal Reserve (Fed). The Omicron variant could also be considered as a bit of a worry amid fears of possible lockdowns and further drops in demand. Due to all these reasons, palladium plunged 44% from its May peak and continued on its downward spiral until mid-December, where its futures are traded around $1670 per ounce.
But nothing is over for palladium at the moment. If you look at the weekly or monthly chart of its price, you may find a “rising wedge” pattern that continues implementing itself and point to the $1360-1380 per ounce zone. So, we may consider buying operations only once the price will be near that level. Moreover, the minimums of March 2020 also point to this zone. Prices have been declining for a long time up until now and the asset is longing for an upside correction. The prices of futures may return to $2200 per ounce alongside the correction. However, any long-term bets would be certainly premature as the future green development of the global economy and car industry, in particular, is clouded. For a more accurate analysis, the pace of hybrid and electric vehicle construction should be considered.
According to Citigroup palladium prices may rise significantly along with the recovery in demand. The shortage of palladium is inevitable as the car industry recovers. But this forecast is likely to be moved further in time closer to 2023.
Fibonacci and clouds - the dream duoOne of my jobs as a technical analyst was to provide trading ideas. Sometimes this was intraday and sometimes these were longer term strategic positions.
When it comes to intraday entry points I like to use a couple of indicators at least to give me a potential entry point and for me, my dream duo is the Fibonacci retracement and the ichimoku cloud combo. I particularly like to use this on the one hour and 4 hourly chart.
The above 4 hourly chart on palladium is showing that the corrective move higher is about to run into the top of the cloud and the 38.2% retracement of the recent sell off at 1892. The combination of the two should act as decent resistance and we will be looking for signs of failure here.
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Long term palladium buy opportunity We can potentially see an additional 10% drop but we’ll be buying at every bit of the dip. I believe this is a 1 in 5 year buying opportunity for palladium. Currently the recent Covid variant news is putting downwards pressure on this precious metal as its main driver of demand is through vehicle manufacturing but the suppression of price won’t happen for too much longer. Long term strategy play, a potential to test prior all time high within the next year. Let’s wait and see…enjoy the ride. ✌️
Palladium Update. it acted exactly according to the analysisAs I mentioned in our previous analysis, we considered the price correction to the specified levels to be possible, which happened now that we are trading at the end of the week. . And we predict growth up to specified prices. Also, the well-formed M model has been completed and we will be deciding to start a bullish price rally in the coming days .Otherwise the current level breaks and further correction to specified levels is less likely ....
Formation of twin roof pattern and price correctionForm a twin roof pattern and modify it to the points specified in the diagram
PALLADIUM AnalysisAn idea suggesting bull continuation for palladium
Price can be seen to be sitting right on 4.618 of a trend that was drawn within the bull structure
This is a possible recovery point
It also aligns nicely when a trendline is drawn across the top of the two circles, providing a possible target
The green lines are strong support areas if the bull idea does not come to fruition
Gold Maintains the RangeGold is ranging between 1851 and 1876. It is reasonable for gold to establish value in this range after the significant rally that took us to the 1800's from the mid 1700's. The Kovach OBV is rather flat, so we anticipate the ranging to continue until we see some momentum either way. 1876 should provide resistance, and 1851 should provide support until then. If we are able to break out, then 1895 is our next target, and 1836 should provide support from below.
Amazing Opportunity to buy $PALL b4 precious metal goes BOOOOM!What is PALL ETF?
PALL is first in the space that focuses on palladium exposure in an ETF. The fund tracks the movements in palladium spot price, by providing focused exposure to palladium held in JPMorgan vaults in London and Zurich. ... PALL is structured as a grantor trust preventing trustees from lending the underlying metal.
