technically this seems like we just got rejected at the neckline (from underneath) previous support now acting as resistance. Targeting the 200 MA (monthly) also confluence with downturn channel. Macro is commodity deflationary too (short term). Many sales pitches pitching commodity supercycle end of last year. Same as bitcoin supercycle being pitched at $69k
Palladium - Intraday - We look to Buy at 1646.1 (stop at 1626.3) We are trading at oversold extremes. Bespoke support is located at 1650. Offers ample risk/reward to buy at the market. With signals for sentiment at oversold extremes, the dip could not be extended. Our profit targets will be 1695.6 and 1705.6 Resistance: 1660 / 1675 / 1697 Support: 1646 /...
Palladium - Intraday - We look to Sell at 1736.8 (stop at 1757.8) Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. 20 1day EMA is at 1739. We look for a temporary move higher. Preferred trade is to sell into rallies. Daily signals are bearish. Expect trading to remain mixed and...
Title: Palladium Futures ( PA1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1839.0 Pivot: 1640.5 Support: 1734.5 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the...
Palladium - Intraday - We look to Sell at 1820.8 (stop at 1842.3) Daily signals are bearish. Posted a Double Top formation. 1830 has been pivotal. Rallies should be capped by yesterday's high. We look for a temporary move higher. Our profit targets will be 1767.7 and 1762.7 Resistance: 1780 / 1795 / 1815 Support: 1768 / 1755 / 1740 Risk Disclaimer The...
Title: Palladium Futures ( PA1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 1835.0 Pivot: 1734.5 Support: 1656.5 Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is crossing above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly continue...
Palladium - Intraday - We look to Sell at 1789.8 (stop at 1818.1) Our short term bias remains negative. Trend line resistance is located at 1787. Preferred trade is to sell into rallies. Prices expected to stall near trend line resistance. Our profit targets will be 1722.2 and 1713.2 Resistance: 1755 / 1770 / 1790 Support: 1735 / 1720 / 1710 Risk...
Title: Palladium Futures ( PA1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1835.0 Pivot: 1744.0 Support: 1656.5 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the...
Looking at the H4 chart, my overall bias for PA1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 1758.5, where the 38.2% Fibonacci line is. Stop loss will be at 1709.5 where the recent low and 78.6% Fibonacci line is. Take profit will be at 1840.0, where the recent highs, equal highs and...
Sibanye-Stillwater follows a number of broader correlations. Platinum, palladium, gold, gold miners, the SA40. But until now nobody has mentioned that--because of its earnings misses lately-- perhaps the market is pricing in SSW's overextended battery metals M&A strategy. Will they ever make money on their new lithium acquisitions? Is SSW even making money in its...
Looking at the H4 chart, my overall bias for PA1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a possible sell stop entry at 1750.0, where the 50% Fibonacci line is, to ride the bearish momentum downwards. Stop loss will be at 1842.0 where the recent high is. Take profit will be at 1656.5, where the...
Looking at the H4 chart, my overall bias for PA1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 1840.0, where the recent highs are. Stop loss will be at 1750.0, where the recent low is. Take profit will be at 1955.0, where the 88% Fibonacci line is. Please be advised that the...
Looking at the H4 chart, I have a bearish bias for PA1! because the current price is below the Ichimoku cloud, indicating a bearish market. Price has tapped into my pullback sell entry at 1838.5, which is the 50% Fibonacci line. The stop loss will be set at 1955.0, which is the 88% Fibonacci line. The take profit level will be 1654.0, which is the recent swing...
Title: Palladium Futures ( PA1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1917.5 Pivot: 1744.0 Support: 1656.5 Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is crossing below the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head back...
Title: Palladium Futures ( PA1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 1917.5 Pivot: 1744.0 Support: 1656.5 Preferred case: On the H4 chart, we have a bullish bias. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. If this bullish momentum continues, expect price to possibly continue heading...
Looking at the H4 chart, I have a bearish bias for PA1! because the current price is below the Ichimoku cloud, indicating a bearish market. Looking for a potential pullback sell entry at 1838.5, which is the 50% Fibonacci line. The stop loss will be set at 1955.0, which is the 88% Fibonacci line. The take profit level will be 1654.0, which is the recent swing...
Looking at the H4 chart, my overall bias for PA1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a possible pullback sell entry at 1838.5, where the 50% Fibonacci line is. Stop loss will be at 1955.0, where the 88% Fibonacci line is. Take profit will be at 1654.0, where the recent swing low is. Please...
Palladium - Intraday - We look to Buy a break of 1734.1 (stop at 1708.9) A bullish reverse Head and Shoulders is forming. A break of the recent high at 1733.4 should result in a further move higher. bearish engulfing candle on the 4 hour chart is negative for sentiment. We look for gains to be extended today. Our profit targets will be 1796.7 and 1806.7...