baronbloe
Short

Palladium: Its benefits and price forecast 15 Feb 2018

OANDA:XPDUSD   CFDs on Palladium
Palladium             is from the Platinum             family of metals and has a lower melting point. It is used as a catalyst converter (Fancy for: used to make one chemical into another bu using the Palladium             as a catalyst. Over half the global supply of Palladium             is used for this purpose. Will we see a strengthening of emissions rules on Commodities? Probably not. Given the high utility of Palladium             and its view as precious and useful by large industrial conglomerates, I see the metal leveling out at $115 as we approach end of March 2018. If we look at the strong Yen you'll see a direct correlation in the charts between the 2 prive levels (Yen) ( Palladium             ).
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