Palladium has a number of important industrial uses which are described here: https://en.wikipedia.org/wiki/Palladium If there is a dearth of palladium, the price could be pushed higher and higher by the significant industrial demand and lack of alternative.
Anyone trading palladium now?
- Thread starter Leopard9
- Start date
My goodness price tagged 1480 last night. A pullback seems imminent (or it goes parabolic?).
1500 likely before pullback. But sellers creeping in!
My system started shorting Palladium in late 2017/early 2018 and made a little going down. Been taking shorts since December 2018 again, most trades end up small losses of slippage. Cause no way to hedge safely for my style, I trade it even more conservative then Lumber, as with Lumber can hedge using options on stocks. Palladium is making what I term missile formations to be sold. And my system seeks 75% of the range of last 9 years, so very long term method, very low winning percentages however using hedges on almost all futures, seldom have losses on losing trades. System uses monthly/weekly/daily and intraday charts to generate signals. Also, use have a 60 minute system to add onto positions or counter to long term sys when that is flat.
Am glad you guys are having profitable trades going up.
As you can see, less volume and open interest on astro highs.
Am glad you guys are having profitable trades going up.
As you can see, less volume and open interest on astro highs.
Took a loss on the drop last night. Gonna wait for another push up in price before I go long again.
Sorry to hear. Carefull now. Shorts creeping up. Draw Fibonacci lines from intraday high low. Gives you more perspective. Very responsive on the 38.2, 50 and 61.8% as support/resistances.
June palladium just busted through $1,500. This thing is going parabolic.
I'd like to increase my position size but who knows when it will come crashing back down? I guess I could just set a decent trailing stop.
I'd like to increase my position size but who knows when it will come crashing back down? I guess I could just set a decent trailing stop.
When the price is at all time high, you will hear lots of news, lots of reports from the experts.
Palladium uptrend started in Oct 2019 when price was around 1000.
Now it is around 1500, ie price has appreciated about 50%.
Did those experts talk about supply < demand thing during Q4 2019?
If you talk about supply demand thing now, you are 5 months late.
Palladium uptrend started in Oct 2019 when price was around 1000.
Now it is around 1500, ie price has appreciated about 50%.
Did those experts talk about supply < demand thing during Q4 2019?
If you talk about supply demand thing now, you are 5 months late.