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Palladiumshort

Palladium primary trend remains bearish.Palladium - Intraday The primary trend remains bearish. Preferred trade is to sell into rallies. 20 1day EMA is at 1397. Trading has been mixed and volatile. Daily signals for sentiment are at oversold extremes. We look to Sell at 1397.8 (stop at 1421.8) Our profit targets will be 1337.8 and 1327.8 Resistance: 1400 / 1415 / 1430 Support: 1380 / 1360 / 1340 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDShort
by OANDA
The one and only commodity I am selling in May 2023!We’re looking at the weekly chart. We can see palladium’s price has fallen since 2021 from $3,000 down to today at $1,424. Then in 2022, palladium shot up to above $3,400, this has formed what’s known as a Descending Triangle. This is where the price makes lower highs and bounces on the same floor level. Now that the price has broken below the triangle, this tells me the sellers are winning and will continue to dominate the market. This will bring down the price further. I expect the palladium’s price to drop to the 200MA (black line) and then further down to $880. If this happens, this downside for the precious metal will ONLY be the beginning. Considering all these factors, we need to brace for palladium’s next crash and at least try and profit from the fall. FUNDAMENTALS: Why Palladium’s demand is dropping Experts from Norilsk Nickel, a major mining company, predict there could be only a small shortfall of 100,000 ounces. This is less than what they thought in February when they expected a shortfall of 300,000 ounces. This is mainly because the car industry is not recovering as quickly as they thought, so demand has not increased as expected. Chip supply and the war in Ukraine have further slowed the car industries recovery. And South African palladium producers have also contributed to this slowing as they have lowered their production goals and reduced their refining activities, largely due to loadshedding. And this isn’t good for palladium and its price. But as always I look to the charts for the overarching signal and this is what it’s telling me.
NYMEX:PA1!Short
by Timonrosso
Is Palladium to extend its losses?Palladium - 24h expiry There is no indication that the selloff is coming to an end. We look for losses to be extended today. Short-term oscillators have turned negative. Expect trading to remain mixed and volatile. The primary trend remains bearish. We look to Sell a break of 1501.8 (stop at 1525.8) Our profit targets will be 1441.8 and 1431.8 Resistance: 1513.5 / 1525 / 1540 Support: 1502.5 / 1480 / 1460 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDShort
by OANDA
Palladium to breakdown?Palladium - 24h expiry - The primary trend remains bearish. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action has posted a Doji candle and signals a possible reversal of the recent trend. The bias is to break to the downside. Our outlook is bearish. We look to Sell a break of 1572.9 (stop at 1596.9) Our profit targets will be 1512.9 and 1502.9 Resistance: 1590 / 1605 / 1625 Support: 1574 / 1555 / 1520 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDShort
by OANDA
1
XPD selloff has no indication of coming to and end.Palladium - Intraday - We are trading at oversold extremes. Daily signals are bearish. There is no indication that the selloff is coming to an end. Previous support at 1405 now becomes resistance. We look for a temporary move higher. 50 4hour EMA is at 1408. We look to Sell at 1403.4 (stop at 1427.3) Our profit targets will be 1343.3 and 1333.3 Resistance: 1350 / 1365 / 1380 Support: 1340 / 1320 / 1300 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDShort
by OANDA
Palladium daily EMA keeps on attracting sellers.We are trading at oversold extremes. 20 1-day EMA is at 1494. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. We look for a temporary move higher. Preferred trade is to sell into rallies. Palladium - Intraday - We look to Sell at 1496.9 (stop at 1520.9) Our profit targets will be 1436.9 and 1430.9 Resistance: 1445 / 1459 / 1480 Support: 1420 / 1405 / 1385 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDShort
by OANDA
Palladium at 60-week low.Palladium - Intraday - We look to Sell at 1588.5 (stop at 1611.9) Trades at the lowest level in 60 weeks. We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. Previous support at 1590 now becomes resistance. We look for a temporary move higher. Our profit targets will be 1530.1 and 1525.1 Resistance: 1531 / 1545 / 1560 Support: 1517 / 1500 / 1480 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDShort
by OANDA
Palladium setting a very big sell signal to $880Descending triangle has formed on the weekly chart for Palladium Last week, was a breakout to the downside. 200 >21> 7 - Red background RSI <50 lower highs Bearish Target $880 WHY WOULD Palladium go down? I can't tell you with any certainties why it's coming down but I can think of a few potential factors like: ~ Lower demand for Palladium as an investor point of view ~ There is an increase in the supply of palladium - I assume with all of the automotive catalysts and with the higher confidence in electric vehicles (cough Tesla) ~ Interest rate changes with there talks about inflationary measures and interest rate drops, this can result in a drop in Palladium prices ~ Technological advancements reducing the need for palladium. For example, they may be using alternatives like Rhodium, Iron, PLatinum for catalysts in newer vehicles that contain less palladium.
NYMEX:PA1!Short
by Timonrosso
Palladium rallies continues to attract sellers.Palladium - Intraday - We look to Sell at 1736.8 (stop at 1757.8) Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 20 1day EMA is at 1739. We look for a temporary move higher. Preferred trade is to sell into rallies. Daily signals are bearish. Expect trading to remain mixed and volatile. Our profit targets will be 1687.8 and 1677.8 Resistance: 1696 / 1710 / 1735 Support: 1680 / 1670 / 1655 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDShort
by OANDA
Palladium with a double top formation.Palladium - Intraday - We look to Sell at 1820.8 (stop at 1842.3) Daily signals are bearish. Posted a Double Top formation. 1830 has been pivotal. Rallies should be capped by yesterday's high. We look for a temporary move higher. Our profit targets will be 1767.7 and 1762.7 Resistance: 1780 / 1795 / 1815 Support: 1768 / 1755 / 1740 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDShort
by OANDA
Selling XPD into trend of lower highs.Palladium - Intraday - We look to Sell at 1789.8 (stop at 1818.1) Our short term bias remains negative. Trend line resistance is located at 1787. Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. Our profit targets will be 1722.2 and 1713.2 Resistance: 1755 / 1770 / 1790 Support: 1735 / 1720 / 1710 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDShort
by OANDA
SPPP-SPROTT PHYSICAL PALLADIUM AND PLATINUM PROFITSI made good profits with this in a short time swing trading this etf. I loved it. Why mess with bitcoin crypto or even gold when I can make money with this.. Anyway. Now its in a bear trend and looking to get back into this etf if it shows some promise. As you know the prices for Palladium and Platinum have skyrockted and have done even better than gold . Catalytic convertors are being stolen from cars at record numbers everywhere thorugh out the nation. Watch this video for details. Give me a thumbs up and feel free to subscribe to show support for my TA videos. Disclaimer I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational and educational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post.
AMEX:SPPPShort
by CryptoBuzzAnalyst
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.
OANDA:XPDUSDLong
by enzenator
2