NYMEX:PA1! Safe Trades;
Palladium futures are in a corrective Wave C according to my Wave counter. Broke Daily 200 MA and 200 WMA and looks like now have a clear path forward. Daily RSI may be slightly overloaded so there may be a short correction after the immediate ascending but the ending target of 680 figures looks very reachable. On fundamentals, Palladium hasn´t forwarded the Gold...
Palladium is in wave 5 down. From EW analysis the wave 5 does not complete yet. The price will meet high resistance at 539.2~565.6. If the price rejects from this resistance area, open short position. Open position when it reiects. SL at 573.9 TP at 451.5 If the price does not reject from the resistance area, this analysis will be invalid. Good luck for everyone!
Palladium has a very interesting setup, I'm looking to enter longs in this instrument very soon. If you can't trade palladium futures, you can trade PALL, the etf. Try to keep risk at 1% per trade. The entry would be a buy stop confirming the rally, for specifics about entry, stop and trade management contact me privately. You can trade with your own strategy, if...
Short palladium into the mid 200's. Buy between 240 - 250 sometime between May 2016 - October 2017. I think closer to October 2017
Notes on the chart Any Question and comment is welcomed