Using lower channel of Schiff pitchfork for target.
Long palladium. Explanations on the chart. Another evidence for going long is in COT reports finviz.com Pay attention to commercial hedgers and how previous top/bottoms of palladium coincide with hedgers' bottom/top respectively. The good thing about palladium - it is not on radar. Your suggestions would be appreciated.
- Overhead resistance from the weekly DTL - Invalidate if price broke above 650 and trade above the DTL - Looking for an ABC wave lower and for price action to stay within this bearish down channel - Weekly RSI is overbought - perhaps dead cat bounce is over now - Retest of previous low is possible - Caveat is palladium prices can be very volatile
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...
All precious metals started a bull market a couple of months ago and they're consolidating. The difference with palladium which makes him more interesting than the others (silver, gold and platinum) is that he's the only one that hasn't made the golden cross: 50 over 200MA. I made a rough linear approximation and this should come somewhere in the middle of may....
The descending channel pattern on H4 chart of XPD/USD provides a setup for a bullish breakout. The pattern's borders are shown with the yellow lines. The potential entry level - with the cyan line. The potential take-profit level - with the green line. Stop-loss is to be set to the low of the breakout bar (not shown on the chart). More information, and an MT4...
Chart shows everything but I'm on the short side of this commodity. Waiting a confirmation before entering a new position. But we could see a possible consolidation between 520 - 480
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
We took the risk to go long as there were several key support zones but price action sliced through and broke lower. Even the 200 WMA did not act as a strong support and the flush came hard on Palladium. This has certainly damage the chart and the weekly MAs could soon roll over lower (20 WMA already crossed below 100 WMA and 50 WMA could follow suit - potentially...
Solid performance by Palladium as it storms ahead to take out several key levels. We are deviating slightly here but the daily chart shows that price failed to close above the 200 DMA and this could mean that a slight pullback in next week price action to test 780 levels but we expect the run higher to continue. Coming back to the weekly, the price action will...
Palladium remains a difficult metal to trade and given the bounce of the 50% retracement at 754, we are seeing a strong demand and potentially higher move off this price. We cannot rule out another attempt to take out 787. 1st Buy on the break of 787 with a stop at 778 (risk 10 points) target 804 (reward 17 points). 2nd Buy should price pullback between 765 -...
Patiently waiting for either break of the trendline or waiting to retest a high at 800 area before looking to short it. 1) short if break out below the short trendline - targeting new low 2) wait for a test higher to short
Speculative atm but 4 hr RSI is indicating a bearish divergence and stochastic hitting overbought or bullish area for a while. Need a break of 752 to proceed further. Daily Bollinger Band also offer more rooms to head lower and to fill the gap at 740. If trade taken then it will take weeks to materialize.