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MarketIntel
Jul 14, 2023 9:11 AM

Palladium: Early Bird? 🐦 

Palladium FuturesNYMEX

Description

Primarily, we expect Palladium to move downwards once more to dive into the yellow zone between $1176 and $1088. There, it should finish wave v in green as well as wave (b) in blue before taking off in the direction of $1577. However, there is a high 48% chance of the metal being an early bird. In that case, Palladium would have already concluded wave Alt.v in green and would thus directly start the ascent, skipping the yellow zone.
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