AdrianRaymondFX

Palladium getting ready to rally

NYMEX:PA1!   PALLADIUM FUTURES
239 3 15
While other precious metals are in clear down trends since mid-2011, the palladium             market has always remains well-bid thanks in part to its relative rareness and the fact that it has similar industrial qualities as that of platinum             at a lesser cost. Looking at the long term chart of palladium futures             , I get the sense that this metal is getting ready to rally this spring after having carved in a significant base above 750 over the past 4 months. I'd say that the $820 handle is likely to be hit sometime in March, and a break above this resistance could free up the path for a rally all the way back up to $900 later on this year.
I still see a major short even from these levels - maybe mid to low 200's. Let me know your thoughts. Thanks
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I really like your work, would love to see more analysis and to see more active. Thanks for sharing
+1 Reply
Thanks Technician! I'll try to be more active and post more charts when I see opportunities.
+2 Reply
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