Palladium soars, another +7% still possibleJust a quick idea on physical Palladium, which just shoots through the roof, another +7% should be in.
Once at top, sell. ;-)
PALLADIUM trade ideas
correction in towAs expected it was very extended and now entering a correction phase. looking to accumulate between 1130 and 1220. Before long term trend continues
XPD/USDI'll be looking to go short on XPD/USD on Daily and 4 hr to correct the last wave. The 1400.00 level was right above a major area of fib and wave pattern confluence.
Trend following on palladiumFollow the 50% fibincacci trendlines. Let is create a small formation before you take a position. It has gone quite a lot so be carefull.
Game Over Palladium1.Last year same timing started to fall
2.Tried max. but out of fuel.
3.Historically top
4.CCI going below 100 soon
Looking for a top in Palladium ... => This is a very important chart update for those following Palladium
=> Here from an EW perspective the market is starting to near the extension target for the 5th wave ... we know in advance that this will trigger a lot of profit taking as bulls begin unwinding their positions after 3 years from the early 2016 lows.
=> It's time to stay alert and watch price action like a hawk at these levels to see how it develops. The correction could likely end up retracing anywhere from 23.6% - 38.2% of the entire advance which would put fair value around 860.
=> Keep your eye here as we are ending the year sharks are looking to start trading 2019 expectations as early as possible so we might kickstart this flow with a knee-jerk from FED....
=> Good luck to those who are trading Palladium and other commodities for the year ahead.
Palladium Forecast: The dream came true and there is more to goLast year we entered a long trade on Palladium at 1125 USD. Our midterm target was 1350 USD. We have reached our target.
However, as I mentioned in my forecast, the longer term targets of the Palladium prices are higher. I called it the “New Gold”.
The reasons were very well explained. You can read the forecast PALLADIUM.
I wrote that 1350$ is not a dream. The traders who invested in Palladium futures instead of spending time with gold trade made fortunes.
Even the global growth concerns, trade wars could not stop the metal.
Positive news from the US- China trade talks will boost the bullish momentum. RSI has rooms for upside.
I just want to give the levels: 1375, 1437 and 1500.
Good Luck
Palladium - Rare topThis thing is at or almost at the top. I shorted Friday like 4pm, think there might be more one up if it does ill close and short higher.
Each candle is a week. Catalytic converters. Used in diesel cars when the forward way is electric. Just IMO. I am already short at 1305, my book, it has a bit of vig involved like 10 pts so imo pretty good point. I think I am comfortable here but there could be one more up. Ill stop if it breaks the current top and buy a short back at 1350+. This will see $800 in 2019.
Can be played with BTC and massive margin @ bit.ly
Fibs on the left is the bullish side, the right, the one im betting on hopefully works. Breaks that 1.0 im wrong and totally cool with that. This will be a money maker in 2019 guys gonna lose a tone of value. With like 50x margin, you can increase your stuff big. You can also lose! - You get the idea. Forget about waiting days for crypto to move. Use it to make a bigger number. its just digits/numbers. Make them bigger you are winning.
PALLADIUM (XPD/USD)Palladium prices seem to be forming an ascending wedge on the lower timeframes. Prices can continue forming these higher highs and higher lows, however, a break to the downside can also be expected. I would rather wait for a breakout before opening any positions. Not very interesting i would say.
THE GREAT PALLADIUM BUBBLEWow I have been constantly looking for the next big thing after the crypto fury. I've found the gold mine. Or should I say Palladium mine? Even through a recession, the demand for palladium would theoretically stay very high. That in combination with the fact that now word of mouth is spreading and news reports are starting to come out. When fomo kicks in this could be a wild ride.
Very oversold on the weekly here, Waiting for a correction in the coming months before more upwards action.
Palladium 1 hr chart Local pint of interest . The intersection of solid Blue and Solid Green . is 23 Jan 2019. Dashed Red may indicate a fair value relative to Platinum and Gold. Solid Orange intersecting Dashed Red may be the resistance for the downturn.
Palladium " looking for the top " Day chart The price action extrema have been fitted with quadratic curves Curve anchoring is don at 4 hr chart ( at least ). these extended parabolas often find support at further in the price history This may be unexpected or can predict levels or resistance, support or extrema of the overall price actions. The most relevant Parabola or palladium today is Solid Blue. ( rooted 17 Aug 18 low and the current rally ) Its intersection with other 'well rooted curves' may indicate the apparent top as a moving targe. as time evolves so does "the top". Point B stands out. Dashed Red is the bull parabolic trend trend: ( rooted and the 2001 high and the Dec 08 low ) Solid red Parabola is the probable field of action in a 'metals bull environment' . If the Price jag does not reach point B it may revert to Dashed Grey: ( rooted in the 17 Feb 11 high ) . A problem arises with Solid Orange, it is not well rooted and its pointing to B: a "logical looking" peak. Dashed Blue is well rooted. Solid Green is well rooted. This does suggest that the top Now. I am not certain . Is this in harmony with the current moment? it feels that there is more to the up side for palladium: Thus Point B ( 10 Sep 19 ). Solid Red parabola is as well rooted as can be for the information implicit int he price Jag action for 2018. The top side to that is apparently "to high" Point C ( Aug 2020 ) point C implies monetary instability. Solid Green is rooted in the 06 Jan 2016 low and the Jan 08 local peak . ( disclaimer: this is a experimental approach to price action analysis . i do not claim to know now or predict future price action of this financial instrument or any commodity. I like to dress price action Jag in parabolas, because that is beautiful. ) ( i don't own any palladium )
Palladium - screaming for an correction - good risk/reward Palladium is since August 18 in bull mode and have seen only one healthy correction which is an indicator for an following big dump/correction.
Another reason is the now stagnating economy which is likely to slow down the further growth of palladium price.
Stop loss above 1300 $
Take profit 1 - 1180 $
Take profit 2 - 1060 $
Position turnaround to long if 1300 $ breaks within next days
Palladium potential double topNew all time highs. More valuable than gold now. Could double top here, good RRR to take a short. RSI keeps falling
Palladium is a friend to the environment... and it could be yours too!
Palladium is at an interesting juncture here. It is worth following.
Technically, the outlook is extremely bullish.
Double bottom within a double bottom, an enormous consolidation right at the top. This is a platform to launch way higher.
I've found big similarities with Bitcoin's price action and patterns of the last 5 years. Some coincidences are unbelievable.
The profound scarcity on both could be the driver.
Although Palladium's trend is slower (there's nothing faster than bitcoin), this structure is way more solid.
It has broken to all time highs this year, and after a successful retest it is now marching up trying to discover its fair price.
It could have a tremendous jump in the following years.
Fundamentally, it is also attractive.
Palladium is very scarce and the main application is industrial, employed in an after treatment coating in vehicles exhaust (catalytic converter for combustion engines), helping reduce harmful emissions. This subject gained a lot of traction given strict European legislation towards global warming/climate change, and the failure to comply by auto maker companies such as Volkswagen (2015 scandal).
This metal has only recently started to shine as a precious metal investment. While RCM has been producing 99.95% pure palladium bullion coins since 2005, US Mint started last year 2017 with a ridiculously low mintage.
The risky element is that palladium demand depends on cars production, and as such the price could be subject to Global Macro conditions which are very sensitive right now and the years to come.
In 1999-2000 it had its previous explosion in price with the commodities boom nurtured by geopolitical issues and shortage of supply. The number 1 producer in the world is Russia followed by South Africa.
Public attention is still quite low, but palladium recently captured a few investors and journalists attention naturally, after breaking to all time highs and surpassing gold's price per ounce... some media have been reporting palladium as "the most expensive metal in the world" (inaccurate).
Palladium Forecast: Price hits the new records as supply deficitPalladium prices ended the week at 1176 $ / Ons – Spot Rate – hitting the records high. Along with Rhodium, Palladium is the shining star of the precious metal sector. Both precious metals flew high due to a growing imbalance in their supply and demand fundamentals.
Demand for physical palladium is one of the important factors to consider especially because there is a global supply deficit since 2012. Palladium has significant industrial uses with most of the demand coming from the auto sector. It is the critical component in catalytic converters, which reduce harmful emissions in gasoline engines.
Supply Side: The car demand is solid across the world, and trends are toward big SUVs in the U.S. and small gasoline engines in Asia. All of these are growing palladium demand. The optimism that the U.S. and China could reach a trade deal in the near future is adding to the momentum in an already bullish environment.
Demand Side:The mining supply for 2018 is expected to be flat as a decrease in South Africa and Russia may be offset by a gain in output from Canada according to Metals Focus data.
The supply fundamentals continue to favor Palladium prices, especially if Chinese growth begins to pick-up. Although, there is a risk that palladium prices fall in the near-term as sentiment on the global economy sours the market players see any selloff as a short-term move.
Even if the global economy weakens, we need to see a major slowdown in global growth to impact prices.
Speciality chemicals company Johnson Matthey calculated that physical demand for palladium exceeded supply in recent years:
Demand exceeded supply in 2016 by 89,000.
Demand exceeded supply in 2017 by 801,000 ounces.
For 2018 the forecast to have another shortfall of 239,000 ounces.
Summary: Supply deficit will continue.
Physical industrial demand for palladium may have shown structural deficits but the price did not react accordingly. Why? The answer is in massive ETF outflows of physical palladium. ( See Bloomberg’s Article Sep 28th : )
” Prices are rallying sharply, likely because of a squeeze in the market and tight supply and demand for the metal but HEDGE FOUNDS ARE LARGELY UNINTERESTED ”
Does it mean that the palladium ETF outflow was meant to close the gap of the supply deficit in the car industry? Focusing on the physical demand / supply imbalance, it seems that in 2019 the ETF outflow will have reached its limit, and the physical shortage will have no easy to fill the gap.
The New GOLD ? Meanwhile, Palladium prices are gaining on Gold. It is possible for palladium to trade higher than gold if palladium supply continues to be muted, demand for autos and electronics increases, and tighter emission legislation further takes hold in China and the U.S
If we look at the matter technically: All times high 1125 has been broken. This can be the beginning of a new big bullish move.
This week we will focus on 1125 support. If the prices hold above 1125, the first level to break would be 1187 $. And breakout of 1187 $ would lead the prices 1202 $ and 1218 $.
Our midterm price prediction is 1250 $ and 1350 $ ( By the second half of 2019 ).
Note: On the smaller chart timeframes – H4 Chart – we see a bearish butterfly pattern indicating a minor correction. Potential pullbacks towards 1125 and 1061 should be used as buying opportunities.
Palladium Short (scalp only)Bearish divergence on multiple time frames including weekly, but I'll stick to the 4H for now. Stop placed at 1228 (just above recent high to avoid getting wicked out. Target is ~1150s. So ~ 4:1 Reward:Risk. GL!
Palladium Palladium looks like its at the top of the triangle here ,
most probably start to come down from these all time highs , if not breakout is imminent
