Palladium: SellPalladium is struggling to break out of the minor trendline and should it fail to break, look to add to the sell position.
Note the fractals in yellow circles.
PALLADIUM trade ideas
XPDUSD Preparing to go Back to 2800?!Fundamentals point toward new all time highs this year despite the pandemic, Lets see how the technicals respond.
Possible Long (Inverse SHS; Divergence 4H)We have a potential Inverse SHS pattern, which is not completed yet (wait for completion). The head is support by an double bottom.
If we move above the neckline, we can open the trade, which would be around 2,065. Potential target is 2.370.
We should not move below the low of the right shoulder once completed.
Good luck.
Level 2 RisePeak formation W has presented as per my previous chart, Level 1 in new cycle has presented looking for price to move up to Level 2
Short opportunity Palladium 25 May, 2020The value of Palladium has been declining for several months and I see now another good opportunity to short as price seems on the verge of breaking through the support at 1947 area. I am interested in taking a short, with stop above 1983 to target just above 1780. The R/R justifies this "with trend" trade.
The memorial day holiday in the US will mean rather thin markets on 25/05, so please be watchful.
If you like my analysis please give it a "thumbs up" and follow me to get immediate notification about my posts.
As always, please use sound money and risk management in all your trades.
Now I am bearish in palladiumWhile the price is below 2115. The momentum is strong enough to suggest that the downward pressure will continue.
Happy days ahead with PalladiumA great buying opportunity! From 2800 , it has fallen to 1800 before moving to current price of 1914.
expecting a bump back to 2600 before the bubble deflatesThe pattern continues, just like the top of every other bubble the rebound shows the return to normal reaching what could be misconstrued as a higher high but in fact, shows the top is most likely reached for the next couple of years.
short term long into longer term short
PALLADIUM: NEUTRALMy bias is to the downside based on a number of considerations. What do you guys think?
Palladium LongWir haben eine sehr starke Unterstützungslinie seit 2018, ausserdem ein großes Dreieck im Tageschart.
Edelmetalle sind in der Corona Krise gefallen, nun hat sich ein Ausbrechen nach oben auch in anderen Edelmetallen (wie zum Beispiel Silber diese Woche) bestätigt.
Der Commitment of Traders Report von gestern sagt aus, dass die großen Firmen, die mit dem Edelmetall arbeiten, alle groß investiert sind. Das ist geschenktes Insiderwissen - bestätigt auch das Ausbrechen nach unten. Bei Edelmetallen kann uns auch nicht die FED oder EZB einen Strich durch die Rechnung machen. Ich sehe hier alles bullish.
Ich setze den Stop Loss bei knapp unter allen Unterstützungen bei 1760 - Happy Trading!
PALLADIUM Falling Wedge IdeaPossible falling wedge on XPDUSD
Included a critical point which is adjacent to Fibonacci spiral
Buy on breakout of wedge at critical point or earlier.
Sell opportunity arises - PalladiumNot a lot specific believe or view behind this post, apart from technicals.
Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news.
We had lower highs, higher lows, then breakout of the triangle, trading down and setting now low, retesting upside now and we have some EMA's hanging, together with the falling trendline .
Wait till Palladium enter's the red zone, and sell with your own prefered SL/TP.
Trading is not about copying but about forming your own opinion.
Sell opportunity arises - PalladiumNot a lot specific believe or view behind this post, apart from technicals.
Over the last few weeks we were trading inside a triangle, mostly shaped by a huge collapse early in march and recovering afterwards. We broke out of the triangle last week. Palladium tends to trade down in a weakening economy, which is where we are heading given all the recent news.
We had lower highs, higher lows, then breakout of the triangle, trading down and setting now low, retesting upside now and we have some EMA's hanging, together with the falling trendline.
Wait till Palladium enter's the red zone, and sell with your own prefered SL/TP.
Trading is not about copying but about forming your own opinion.
Longterm watchlist candidate for PalladiumHello world,
here we have quite an interesting watchlist candidate. Palladium.
We have:
weekly trendline crossing
50 EMA uptrend crossing
weak weekly res. line
low valued RSI
decrease in momentum on the daily level
What I am waiting for:
price action on W/D
All the best,
c4ss10p314
Palladium demand destructionThanks for viewing,
Some view platinum and palladium not as investment petals for various reasons, others disagree. I prefer (in rank) 1. gold (bullish), 2, silver (neutral), platinum (bearish). Platinum makes the list because I can purchase it in small increments - while palladium was only available in a minimum of 1oz coins (which had high premiums - as coins in general do). That said, I expect platinum to also show future weakness - potentially going sub $350ish - which is okay as it is a strategic metal that is relevant to defence applications among other things. The reasons I expect weakness in demand for Platinum (currently oversupplied) are the same as for Palladium (under-supply);
Palladium has had a huge run since 2008 - peaking at 16.5x and now at 10.5x over that time period. The major driver was a supply demand mis-match caused from strong demand from auto-catalysts for petrol vehicles. All that has changed dramatically in a short period. Demand has been destroyed for new motor vehicles. Light vehicle sales were down 34.6% in March www.marklines.com and that drop will be over-shadowed by the April drop. Hopefully, these drops are short-term and will bounce back shortly - like vehicle demand in China did - although estimates vary on the time-frame. I suspect we will see near-term demand reduced from 2019 levels for all of 2020.
Medium and long term factors are both negative for those expecting internal combustion light vehicles production levels to bounce bank to new highs. The most major impact will come from an unfolding de-leveraging. For those that blame the health crisis for 100% of the economic woes, please cast your eye a few months back when we had;
- an inverted yield curve,
- downgrades of global and regional GDP growth announced by the IMF, World Bank, BOJ, ECB, Fed etc etc,
- Cautions on the level of sovereign, corporate, and household debt levels,
- Interest rates in the US repo market spiking to over 11%,
- The Fed started QE4, or what they called "definitely not QE4",
- Large investment banks were announcing they were advising their clients to sell US equities because they saw limited upside remaining,
- The US continued on its longest and weakest economic expansion in history.
My general view is that this health crisis with its associated economic contraction brought forward (and exacerbated) what was already just around the corner - a recession.
Any deleveraging event was always going to have to be more significant than 2008-9 simply because debt levels are so much greater now - while incomes have stayed flat. So this will necessarily impact on discretionary consumer demand (and availability of consumer credit) for some time.
Price targets; 1300 should provide some support, stronger support at the $1140, and $1100 levels. 1:1 extension of the recent steep drop at $1060. This level may cause a strong bounce in 6 - 12 months (depending on industrial demand pick-up) - but after that who knows. The trajectory now seems to be away from diesel vehicles, especially since the VW scandal (which hasn't yet fully unfolded to reveal just how wide-spread the massaging of emissions results among the industry as a whole). Medium to long-term, there is every possibility that Palladium's new home will be below $1100.
Protect those funds everyone
