We are trading at oversold extremes. 20 1-day EMA is at 1494. Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. We look for a temporary move higher. Preferred trade is to sell into rallies. Palladium - Intraday - We...
Palladium - Intraday - We look to Sell at 1588.5 (stop at 1611.9) Trades at the lowest level in 60 weeks. We are trading at oversold extremes. There is no clear indication that the downward move is coming to an end. Previous support at 1590 now becomes resistance. We look for a temporary move higher. Our profit targets will be 1530.1 and 1525.1...
Palladium - Intraday - We look to Buy at 1646.1 (stop at 1626.3) We are trading at oversold extremes. Bespoke support is located at 1650. Offers ample risk/reward to buy at the market. With signals for sentiment at oversold extremes, the dip could not be extended. Our profit targets will be 1695.6 and 1705.6 Resistance: 1660 / 1675 / 1697 Support: 1646 /...
Palladium - Intraday - We look to Sell at 1736.8 (stop at 1757.8) Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 20 1day EMA is at 1739. We look for a temporary move higher. Preferred trade is to sell into rallies. Daily signals are bearish. Expect trading to remain mixed and...
Palladium - Intraday - We look to Sell at 1820.8 (stop at 1842.3) Daily signals are bearish. Posted a Double Top formation. 1830 has been pivotal. Rallies should be capped by yesterday's high. We look for a temporary move higher. Our profit targets will be 1767.7 and 1762.7 Resistance: 1780 / 1795 / 1815 Support: 1768 / 1755 / 1740 Risk Disclaimer The...
Palladium - Intraday - We look to Sell at 1789.8 (stop at 1818.1) Our short term bias remains negative. Trend line resistance is located at 1787. Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. Our profit targets will be 1722.2 and 1713.2 Resistance: 1755 / 1770 / 1790 Support: 1735 / 1720 / 1710 Risk...
Palladium - Intraday - We look to Buy at 1755.1 (stop at 1729.2) Short term bias has turned positive. Levels below 1755 continue to attract buyers. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. We are trading at oversold extremes. Our profit targets will be...
Palladium - Intraday - We look to Buy a break of 1734.1 (stop at 1708.9) A bullish reverse Head and Shoulders is forming. A break of the recent high at 1733.4 should result in a further move higher. bearish engulfing candle on the 4 hour chart is negative for sentiment. We look for gains to be extended today. Our profit targets will be 1796.7 and 1806.7...
Palladium - Intraday - We look to Buy a break of 1814.1 (stop at 1789.8) We are trading at oversold extremes. A break of the recent high at 1813.3 should result in a further move higher. Posted a Double Bottom formation. The bias is to break to the upside. Our profit targets will be 1869.9 and 1874.9 Resistance: 1814 / 1830 / 1850 Support: 1800 / 1780 /...
Palladium - Intraday - We look to Buy at 1865.1 (stop at 1842.9) Trend line support is located at 1865. Bespoke support is located at 1850. We look to buy dips. We look for a temporary move lower. We are trading at oversold extremes. Our profit targets will be 1918.8 and 1924.8 Resistance: 1930 / 1958 / 1987 Support: 1900 / 1880 / 1850 Risk...
Palladium - Intraday - We look to Buy at 1902.6 (stop at 1881.7) Short term bias has turned positive. 20 4hour EMA is at 1901.3. Previous resistance at 1900 now becomes support. We look to buy dips. Our profit targets will be 1954.9 and 1959.9 Resistance: 1930 / 1958 / 1970 Support: 1915 / 1900 / 1890 Risk Disclaimer The trade ideas beyond this page are...
Palladium - Intraday - We look to Buy at 1804.4 (stop at 1782.8) Trading has been mixed and volatile. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Support is located at 1800 and should stem dips to this area. We look to buy dips. Our profit targets will be 1859.8 and 1869.8...
Palladium - Intraday - We look to Buy at 1901.1 (stop at 1876.6) Previous resistance at 1900 now becomes support. Short term bias has turned positive. A lower correction is expected. Offers ample risk reward to buy at market. Our profit targets will be 1959.7 and 1964.7 Resistance: 1920 / 1937 / 1950 Support: 1915 / 1890 / 1870 Risk Disclaimer The trade...
Palladium - Intraday - We look to Sell at 1889.8 (stop at 1914.2) Bespoke resistance is located at 1890. Our short term bias remains negative. Preferred trade is to sell into rallies. Our profit targets will be 1828.7 and 1818.7 Resistance: 1870 / 1890 / 1915 Support: 1850 / 1825 / 1795 Risk Disclaimer The trade ideas beyond this page are for...
Palladium - Intraday - We look to Sell at 1978.8 (stop at 2002.1) Previous support at 1980 now becomes resistance. Short term bias has turned negative. Preferred trade is to sell into rallies. 1985 has been pivotal. Our profit targets will be 1921.1 and 1911.1 Resistance: 1940 / 1960 / 1980 Support: 1915 / 1900 / 1880 Risk Disclaimer The trade ideas...
Palladium - Intraday - We look to Buy at 2036.1 (stop at 2011.1) Short term momentum is bullish. A lower correction is expected. Previous resistance, now becomes support at 2040. We look to buy dips. 20 4hour EMA is at 2031. Our profit targets will be 2098.6 and 2108.6 Resistance: 2105 / 2130 / 2150 Support: 2075 / 2040 / 2020 Risk Disclaimer The trade...
Palladium - 11h expiry - We look to Buy at 1822.3 (stop at 1798.9) A bullish reverse Head and Shoulders is forming. Bespoke support is located at 1820. We look to buy dips. The bullish engulfing candle on the daily chart is positive for sentiment. We look for a temporary move lower. Our profit targets will be 1879.8 and 1884.8 Resistance: 1880 / 1900 /...
Trade Idea: Buying Palladium Reasoning: Finding support at the 61.8% Fibonacci level Entry Level: 1939.95 Take Profit Level: 2080 Stop Loss: 1911.05 Risk/Reward: 4.86:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical...