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Palladium

Palladium setting a very big sell signal to $880Descending triangle has formed on the weekly chart for Palladium Last week, was a breakout to the downside. 200 >21> 7 - Red background RSI <50 lower highs Bearish Target $880 WHY WOULD Palladium go down? I can't tell you with any certainties why it's coming down but I can think of a few potential factors like: ~ Lower demand for Palladium as an investor point of view ~ There is an increase in the supply of palladium - I assume with all of the automotive catalysts and with the higher confidence in electric vehicles (cough Tesla) ~ Interest rate changes with there talks about inflationary measures and interest rate drops, this can result in a drop in Palladium prices ~ Technological advancements reducing the need for palladium. For example, they may be using alternatives like Rhodium, Iron, PLatinum for catalysts in newer vehicles that contain less palladium.
NYMEX:PA1!Short
by Timonrosso
Will XPD find support at oversold extremes?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 / 1630 / 1600 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDLong
by OANDA
Palladium rallies continues to attract sellers.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 volatile. Our profit targets will be 1687.8 and 1677.8 Resistance: 1696 / 1710 / 1735 Support: 1680 / 1670 / 1655 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDShort
by OANDA
Palladium Futures ( PA1! ), H4 Potential for Bearish DropTitle: 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 support at 1734.5, where the 61.8% Fibonacci line is before heading towards the pivot at 1640.5, where the previous swing low is. Alternative scenario: Price may possibly head back up towards the resistance at 1839.0, where the 50% Fibonacci line is. Fundamentals: There are no major news.
NYMEX:PA1!Short
by Genesiv
Palladium with a double top formation.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 trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDShort
by OANDA
Palladium Futures ( PA1! ), H4 Potential for Bullish RiseTitle: 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 heading towards the resistance at 1835.0, where the 78.6% Fibonacci projection line is. Alternative scenario: Price may possibly head back down towards the pivot at 1734.5, where the 61.8% Fibonacci line is Fundamentals: There are no major news.
NYMEX:PA1!Long
by Genesiv
Selling XPD into trend of lower highs.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 Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDShort
by OANDA
Palladium Futures ( PA1! ), H4 Potential for Bearish DropTitle: 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 pivot at 1744.0, where the 50% Fibonacci line is, before heading towards the support at 1656.5, where the previous swing low is. Alternative scenario: Price may possibly head back up towards the resistance at 1835.0, where the 78.6% Fibonacci projection line is. Fundamentals: There are no major news.
NYMEX:PA1!Short
by Genesiv
PA1! Potential For Bullish ContinuationLooking 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 liquidity hotspots are. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYMEX:PA1!Long
by VantageMarkets
Greenwashing Can Only Take You So FarSibanye-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 catalytic converter recycling segment? It is the largest such company in the world, so it's worth asking. In the short term macro, global electric vehicle production is going to slow; I don't see how SSW will profit from this in the near term. Now to the technicals of my bearish bet. Breakdown from a Rising Wedge has formed into a Head & Shoulders with the second shoulder rejecting back under the 200 Exponential Moving Average after a notable increase in selling volume. Panning out on the longer term, this is a rejection from previous support of the topping structure. I do not believe that this is a breakout from an Inverse H&S nor a base breakout + retest move. I believe SSW has topped and will continue to move lower.
JSE:SSWShort
by sdeutsch95
1
PA1! Potential For Bearish DropLooking 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 recent swing low is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYMEX:PA1!Short
by VantageMarkets
PA1! Potential for Bullish RiseLooking 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 information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYMEX:PA1!Short
by VantageMarkets
PA1! Potential For Bearish ContinuationLooking 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 low. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYMEX:PA1!Short
by VantageMarkets
Palladium Futures ( PA1! ), H4 Potential for Bearish DropTitle: 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 down to retest the pivot at 1744.0, where the 23.6% Fibonacci line is. Alternative scenario: Price may possibly continue heading towards the resistance at 1917.5, where the 78.6% Fibonacci line is. Fundamentals: There are no major news.
NYMEX:PA1!Short
by Genesiv
Palladium Futures ( PA1! ), H4 Potential for Bullish RiseTitle: 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 towards the resistance at 1917.5, where the 78.6% Fibonacci line is. Alternative scenario: Price may possibly head back down to retest the pivot at 1744.0, where the 23.6% Fibonacci line is. Fundamentals: There are no major news.
NYMEX:PA1!Long
by Genesiv
PA1! Potential For Bearish ContinuationLooking 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 low. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYMEX:PA1!Short
by VantageMarkets
PA1! Potential For Bearish ContinuationLooking 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 be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYMEX:PA1!Short
by VantageMarkets
Buying XPD breakout.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 Resistance: 1705 / 1733 / 1750 Support: 1690 / 1670 / 1650 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDLong
by OANDA
Shorting Palladium FuturesPalladium is in a strong downtrend right now. In fact, in the Trend Following Market Trends Barometer , it is the strongest trend with a value of over 70%. We are opening short positions at market price with a very strong risk management metric - as always - aiming to surf the downtrend and lose only 0.5% of our portfolio value if there is a pullback. Our target is around 1505, but the exit will be through volatility and trailing stops. As we can see, the trend has an RSI of 39.70 on the weekly chart. It is below the 210, 70 and 14 SMA's, and has broken a trend line support. There are opportunities to follow the trend. We can open more positions further if the trend remains bearish and close them on a percentage basis if sharp pullbacks occur. Again, it depends on volatility and trailing stops. The system is automated. Product. Palladium futures (NYMEX). No CFDs or other OTC derivatives for now. Position: Sell, market price. Stop loss: around 1 800 (trailing stop, we can re-enter if there is a pullback). Target: Around 1 500 (we won't manually close, the TL stop will). Resizing: We can open more positions if the trend is strong. Risk: High.
NYMEX:PA1!Short
by blockmas
Palladium Potential For Bearish ContinuationLooking 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 sell entry at 1838.5, where the 78.6% Fibonacci line is. Stop loss will be at 1878.5, where the 61.8% Fibonacci line is. Take profit will be at 1759.5, where the 127.2% Fibonacci extension line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NYMEX:PA1!Short
by VantageMarkets