Just a quick idea on physical Palladium, which just shoots through the roof, another +7% should be in. Once at top, sell. ;-)
Palladium futures are moving in an ascending channel, making higher highs and higher lows. It should be safer to only place buys, as sells may be short lived. However, feel free to play the tennis game inside this channel. This should be an easy one. Do remember that metals are quite expensive to trade so go easy on the lot size if you have a small account so...
We can expect to scearios to occur. Scenario 1: The price can either go to the top of the uptrending big channel; and reject the resistance, bouncing back to the downside, or to breakthrough and continue with the bullish momentum. Scenario 2: Price could either move downwards and break the resistance on the small channel, and continue going down, or reject the...
Based on fundamental analysis more than AT. We should go higher next couple months. I'll try to catch this trend
As explained in a previous study, Palladium should be the winner of the next few months among top commodities. The reason that the current 1D Channel Up (RSI = 59.618, MACD = 11.640, Highs/Lows = 7.4335, B/BP = 20.3740) hasn't moved any higher is the general selling pressure on the metals sector during the last few weeks. This has the potential to cause another...
Will be updating with broadmarket metals info.
Hello Traders! palladium (XPD) price is a " pip " away from all time High . I am looking for a long term sell, which means that I will try to hold the trade until the end of 2018. However, if we get to 700 I will close the trade with some mad profits. Dollar is expected to get stronger until the end of 2018, so lets see how we do. Wonder where is my SL? Send...
It's quite a nice opportunity to open a short position. OANDA:XPDUSD
Using lower channel of Schiff pitchfork for target.
Chart shows everything but I'm on the short side of this commodity. Waiting a confirmation before entering a new position. But we could see a possible consolidation between 520 - 480