Wait for confirmation on break of 1500 level. IMO, palladium is going to be useless. It's #1 use case is in ICE cars, and IMO, EVS will be everywhere by 2030.
Trying to find a way to capitalize on the downfall. Not really any options out there, would love some input . Thanks!
Comment
⋅
still waiting for touch of white line.
Comment
⋅
Here we go, going to be a telling week for precious metals coming up with FED talks. Still on the sidelines, looking for the reaction around the 1500 level as mentioned.
Comment
⋅
1497.20 is my alert trigger and will assess the volume there.
Comment
⋅
Not interesting in going long on this, if it retests 1500 area and breaks im shorting though!
Comment
⋅
I’m now short from 1470
Comment
⋅
Closed 50% of my short here leaving the rest to run. Really wish there were some options I could play here as I hate the lending percentage.
Could perhaps go long on platinum, as it is the alternative for catalytic material? I believe that it will still hold this demand for a while, I don't think prices will be as forward looking as 2030
MrMarketMaker
⋅
@LongMacc, not a bad idea. Thanks for the input, ill look into it!
flippedman
⋅
This is how I see it going down:
Had bullish divergence in most recent downtrend. Fundamentally, supply is still short and ICE cars not really going out any time soon. Should remain strong the rest of the year.
MrMarketMaker
⋅
@flippedman, that is actually an interesting take. It really is a little early, but what particular use cases do you see for palladium in the near future? It has been on quite the run. 1500 will def be an interesting pivot. Thanks for your comments!!
flippedman
⋅
@MrMarketMaker, Definitely early. I don't foresee additional use cases for Palladium other than for current ICE. But, the general sentiment for metals has recently been positive and I think they will all go up in tandem (generally speaking).