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Palladium USD per ounce Futures

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XPDUSD1! trade ideas

Palladium at $4,500? The opportunity you don't want to miss.It is no secret that Palladium is one of the biggest winner of the last 3 years. It's long term chart shows that there is even great upside potential. During 1996 - 2001 Palladium made a +879% rise before it consolidated for more than a decade. Palladium investors eye a similar pattern. The strongest reason behind this is the Palladium-to-Gold ratio. In 2000/2001 this ratio peaked at 4.2. If it happens again, and there is no reason to believe it won't as the candle sequence that preceded this sharp rise is virtually identical, it will take Palladium's price just above $4,500. Very good long term opportunity indeed for patient investors. See our previous 1,367 target on the Palladium/ Gold comparison: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYMEX:PA1!Long
by InvestingScope
Palladium Weekly: More valuable than Gold?Trading Indicator: Ichimoku Cloud Resistance: $1560 Support: $1100 - $979 (618 to 786 Fib retracement). This is also confirmed by the Senkou A & B of cloud. Momentum: Stochastic and RSI heavily overbought. A steep profit taking pullback would not be surprising. Trade Setup: Wait for a pullback in Palladium before initiating fresh buys. We are in a sub 4 wave count and larger ABC correction. Fundamentals: Precious metals are taking a step back and Palladium will not be immune in the short-term as Gold takes a break. US/China trade deal could have an opposite impact on Palladium as such a deal would usher in consumer confidence in the two largest economies. Palladium largest use (60% of value) comes from its use in catalytic converters for vehicles. This rare metal makes the pollutants from vehicles much less harmful. Trade deal could spur automobile purchases in China/India and other parts of the world. Such a deal between the two largest economies could delay recession worries, increase consumer confidence/spending on larger purchases like vehicles, and thus, more demand for Palladium. Cheers, Bobby
NYMEX:PA1!
by UnknownUnicorn1615160
Even the strongest uptrend needs to have its correctionsPalladium is already 3 years in huge uptrend and we didn´t see any correction down almost for 7 months. We can cleary see, that volume on sell was recently higher then buying volume so I think we will see double top and then we should AT LEAST test local support at 1270, but I think we could go much lower. Palladium is mainly used in catalytic converters in gas-fueled cars. So in distant future, where there will be probably just electric cars, there will be almost none application for palladium and the price should drop as hell.
NYMEX:PA1!Short
by Paraman666
Palladium (PA1!) - vroom vroom vroomYou are probably asking what is palladium? It's an important rare earth metal used in electronics, catalytic converters, dental fillings and other industrial uses. Major mines located in US, South Africa, Russia and Canada. Falls within the same metal family as Platinum. Use cases: Automotive - 53% (used in catalytic converters that makes car exhaust less pollutant) Dental - 11% (dental fillings) Electronics - 15% Jewelry - 10% Other -11% Global car sales have been on the rise and therefore more catalytic converters needed for US, China and India sales. What an amazing run from January 2016 to January 2018 seeing nearly a 3x in price growth in Wave 1. Global US car sales continue to climb supporting a continued need for Palladium. Next Move: Palladium eyes 161.8% to $1540 and then faces possible correction. Trade Idea: Take 25%-50% profits when the ADX hits 50 on the DMI. Stochastic and RSI showing sell signals as overbought. If there is a correction we expect there to be strong support at $1100. If $1100 falls the 200 Week MA will be very strong support. Regards, Bobby
NYMEX:PA1!
by UnknownUnicorn1615160
PALLADIUM FUTURES (MAR 2019)Trading Signal Short Position (EP) : 1210.2 Stop Loss (SL) : 1249.1 Take Profit (TP) : 1132.4 Description PAH2019 formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (1210.2) and place stop after 0.618 level (1249.1). Once the position was hit, place take profit before an agreement (1132.4) Money Management Money in portfolio : $280,000 Risk Management (1%) : $2,800 Position Sizing $0.1 = +-$10/std-contract Commission fee = -$4.74/std-contract EP to SL = $38.9 = -$3,890 Contract size to open = 1 standard contracts EP to TP = $77.8 = +$7,780 Expected Result Commission Fee = -$4.74 Loss = -$3,890 Gain = +$7,780 Risk/Reward Ratio = 2
NYMEX:PAH2019Short
by SuppasitWechprasit