Freud_Mayweather

Rhodium: Short in the short term, bullish in the long run

JSE:ETFRHO   1NVESTRHODIUM ETF
Rhodium, the beast of a parabolic commodity is set to take a nosedive as it's brothers Platinum and Palladium have done. The reason behind this is quite understandable: Palladium and Rhodium are very useful and very precious rare metals which help reduce carbon emissions. Many countries are aiming to go clean by 2050, and so investors are looking to buy in early as demand is set to increase. However we are now looking at a possible recession and a possible pandemic and so obviously the demand for now will be put on hold. I will be looking for an entry that likely touches the parabola for a third time which is the safest entry to make when trading parabolas as obviously they do not conform to regular/traditional technical analysis .

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