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Christian-Georgi
Jun 22, 2020 2:57 PM

Waiting For Palladium To Breakout! 

PALLADIUM (US$/OZ)TVC

Description

Palladium...

After their steep price surge in 2019 and beginning 2020 it is recently stabilizing itself.
I personally believe that this stabilisation isn't sustainable.

So waiting for an breakout is recommended.

I am a bit more bullish than bearish, but i want to wait for the breakout.

Technical:
"Explained above"
-rsi between 50 and 40 over a decent period

Fundamental:

Explained in one phrase: demand will recover fastly.

Best Regards
Christian Georgi

Trade active

UPDATE: Lack of trading volume makes it hard to determine a breakout direction. But i opened a small long position around 1920.

Comment

closed my position at 2279. Didn't want to get even more greedy. :D

Trade closed: target reached

Comments
Omegacris
i look forward to your updates about the trend :)
Christian-Georgi
UPDATE: Lack of trading volume makes it hard to determine a breakout direction. But i opened a small long position around 1920.
UnknownUnicorn7679352
thank you and update please
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