Pall has seen a major bull run lately. Volume is declining. Divergence is forming but has bounced previously. I understand that scarcity of this metal but it needs a healthy pull back before continuing further. Additional real use and applications for this metal would help boost the next leg up.
PLG, They are poised to with the Waterberg Project Probable Reserve: 12.3 Million Ounce Palladium, Platinum, Gold and Rhodium, (4E)* This looks to be a muli year play. The price of palladium continues to rise and become more scarce. Link to Waterberg Project s1.q4cdn.com
Palladium OANDA:XPDUSD has been the talk of town the last few months, as it has surged in price almost 50%, and has only continued to become more valuable, bolstered by the Volkswagen emission scandal, and China’s new emissions regulations, which have affected how the country’s cars are made. All of this is really important as almost 80% of all palladium winds...
Palladium is one of the hardest commodities to analyse in my opinion, however its been in a uptrend since it starts, i believe its created a pullback to shoot back up to create a new all time high
Looking at the wicks where price has on the daily chart, it looks as if price has rejected that point and wants to go down. However, decides to go up and break resistance, you should expect some kind of impulse.
Palladium is in my opinion in a broad correction wave, within which it should now come to a price increase to $ / oz 1.030. There, in the favored scenario, the wave B could end and within the framework of the wave C with new lows up to $ / oz. 870. Alternatively, a (a) (b) (c) (d) (e) formation forms before the wave C starts. A bullish scenario will only start at...
Buying opportunity trend continuation + H&S pattern 100MA support above 20MA RSI oversold with bulls having control RSI bouncing from 50. Bullish on commodities especially this bullish trend if you can hop and buy the dips will be very profitable. 3 opened positions 3 targets. Good RRR on all of them. Good Luck $$$
XPDUSD's daily close yesterday has confirmed my trade analysis with the ascending channel of the metal commodity. With temporary supports just ahead, will this metal commodity continue its decline to the bottom of the ascending channel?
Whilst looking up at my trades -- and the technical outlooks -- of the market beforehand the NFP, several of them suggested a further decline on the Dollar. Meaning, bad NFP number; an increase on the annual wage growth would then be the only data that could save data. But no... NFP sealed the fate of Dollar. Beforehand the actual release of the data, I entered...
Palladium Trading around 795-796. If its hold above 785 which is strong support we can see it around 820 if hold on daily below 784 then it can go toward 765-768. till above 785 a jump is expected
Palladium did a nice bounce off her trendline again. (previous idea posted) - Now, the indicators all say we're in for some downward/sideways motion, so there is some risk that she may break that trendline but she has seemed to hold so far. So I am holding and buying the dip :)
Looks like a pretty good confirmation on Palladium it went up and bounced off the 805 level again, that seems to be a pretty tough barrier to cross. However, it went up and came back down to rest still above the 9 day MA and I am still bullish on Palladium unless it decides to break and close under the 760 level. The RSI is above 50 and though pointed down looks...
Palladium seems to have made a good bounce off an upward trend line I've got tracking since December 2016. Next target will be 810 - I am planning on stacking and holding long term. Palladium along with the other precious metals should do well this year. :) For more signals and analysis check out the FB page :)
Palladium has broken out of a monthly downtrend and is in a strong up trend. However, this move can end anytime. Potential targets could be the 1.272 and 1.618 FE. Following a consolidation, it should give another move up.