Palladiumshort
XPD/USD Possible Downtrend Continuation Palladium started its Downtrend after reaching the top of its Uptrend on June 20 @ 05:00. Now we are at our second lowest High peak of the descending channel with signs of continuous falling.
Downtrend continuation will be confirmed when price falls below 1499.712 then solidifying the move once price falls below 1495.030. Both MACD and RSI show potential upside move, therefore
having our two price levels around busy consolidation areas will give both indicators time to reset for the new move.
-LNP Investments.
Palladium - Going HOT!Here is my analysis on palladium. Although the raw material is very important for batteries of electric cars, it has now come in a resistance area, where I think it will not be so easy to shoot beyond. First, the red C = red A and the bracketed C is 1.618 * the length of the bracketed A.
That would be a harmonious conclusion of the upward movement and now it would be advisable to secure profits. As a producer of palladium, I would now sell 50% of my annual production on the futures market for the next 5 years to secure cash flow for the long term. The other 50% of annual production I consider a reserve if the price continues to rise. If, as expected, a top is formed, then I would sell another 25% of the production over the long term. However, it is important to be quick, because the competitors will then do the same and then the price would develop along the black arrow.
Palladium Short OpporutnityPalladium is flirting with 1500, all time high. While demand for catalytic converter is increasing, supply deficit of Palladium increasing helping rally since many months. 4 hourly chart shows clear negative divergence providing a short opportunity. 1450 remain near term target.
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Oh looky looky, Platinum is Inverse to Palladium 2001 & 2008Oh looky, 2001 & 2008 had Palladium crash down with the stock market, Platinum went up inversely. I wouldn't short Palladium cuz it's still on a hell of run, but something to watch. Platinum is at major support right now and Palladium is at ATH's.........
LONG PLATINUM!