palladium to attempt new ATH?Ascending triangle forming on PALLADIUM which could lead to a new high of 1919 if it pans out and stays on target. This would also be in line with the parabolic price rise that palladium has been having the last decade.
Entry on close above 1620 or on retest of support if it breaks
PALLADIUM trade ideas
[Idea Long] PalladiumPalladium has been on an absolute tear recently, its massive rally in the second half of last year puts even gold to shame. It's one I wish I didn't miss out on.
Could it be consolidating, in this bull flag, for another major move higher? After all, Platinum is catching a bid too. They could all rally together on a precious metal bid. Or, it could be overextended, and need a pullback to 1150.
One could attempt a long with a tight stop under 1400. But definitely I think one should set an alert if it drops to 1150 as a strong buy level.
Palladium - Soon to be worth more than GOLDThe Palladium Market project the value and sales volume of Palladium submarkets, with respect to key regions.
This report presents the global “Palladium Market” size by value, production and consumption, splits the breakdown (Data status 2019 and forecast to 2025), by manufacturers, region, type and application.
This study also explores the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Palladium is a soft silver-white metal that resembles platinum. It is the least dense and has the lowest melting point of the platinum group metals. It is soft and ductile when annealed and is greatly increased in strength and hardness when cold-worked. Palladium dissolves slowly in concentrated nitric acid, in hot, concentrated sulfuric acid, and when finely ground, in hydrochloric acid.
In 2019, the market size of Palladium is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Palladium.
The following Manufacturers are covered in this report:
Evonik
BASF
Johnson Matthey
Heraeus
Shanxi Kaida Chemical Engineering Co.Ltd
Bearish Pennant on XPD/USD (Palladium) @ D1This bearish pennant formed on the XPD/USD @ D1 offers a bearish breakout opportunity. The pennant and its pole are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is the green line. The stop-loss level is already marked on the chart.