Palladium Futures

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Technical Analysis – Palladium futures unlock another record high at 2,752; 17% up this month

Posted on February 19, 2020 at 3:41 pm GMT

Palladium futures for March delivery seem unwilling to stop the extraordinary rally in uncharted territory, with the price flying as high as 2,752 on Wednesday after a short consolidation period within the 2,424-2,148 zone. The higher highs and higher lows remain well intact in the market’s bullish structure, while the shorter-term simple moving averages continue to fluctuate above the longer-term SMAs, all pointing to a stronger uptrend in the coming sessions. Some stabilization cannot be ruled out as the RSI [..]

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Technical Analysis – Are palladium futures completing a bullish cycle?

Posted on February 6, 2020 at 10:41 am GMT

Palladium futures have been well supported by the 20-day simple moving average (SMA) recently, but the bulls seem to be struggling to overcome previous record high levels around 2,400, with the price registering a negative candle on Wednesday. The price continues to lose ground on Thursday, increasing speculation of a bearish double top pattern as the momentum indicators are shifting south; the RSI and the Stochastics topped near overbought levels and are turning lower, while the MACD seems to be [..]

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Technical Analysis – Palladium futures non-stop rally shows no sign of fading 

Posted on January 23, 2020 at 10:00 am GMT

Palladium futures are staging an extraordinary rally over the past three weeks and technically, there is no convincing signal at the moment that the uptrend could soon hit a strong turning point. Even though the RSI and the Stochastics have bounced back into the overbought territory, increasing the odds for a downside correction, the MACD has yet to show signs of reversing at a time when the price is still trading comfortably above the Ichimoku cloud and its simple moving averages [..]

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Technical Analysis – Palladium futures halt bullish run at fresh record high; resistance line in focus

Posted on December 19, 2019 at 11:29 am GMT

Palladium futures has been in the green every single day since mid-November, extending the row of record highs to 1,972 on Tuesday before retracing marginally lower. The short-term risk is tilted to the downside as the RSI has reached its previous peaks in the overbought area and is now following a downward direction, while the MACD has also found resistance in a familiar region and is easing momentum towards its red signal line. Trend signals, however, remain positive as the [..]

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Technical Analysis – Palladium futures at fresh record high; approach 2-year old resistance line

Posted on November 29, 2019 at 2:38 pm GMT

Palladium futures edged up on Friday to unlock a fresh record high of 1,815 but room for improvement seems to be narrowing as the price is approaching the 2-year old resistance line. Moreover, the RSI is not far below its 70 overbought mark and the Stochastics have already run above 80 and are looking to post a bearish cross above the 80 mark. Should buyers persist, breaching the resistance line currently around 1,835, the focus will initially shift to the [..]

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Technical Analysis – Palladium futures at fresh record highs; could keep uptrend in short-term

Posted on October 17, 2019 at 1:20 pm GMT

Palladium futures for December delivery are stretching a long-run uptrend within a narrowing channel, with the market printing a new record high of 1,747 on Thursday. The RSI hints overbought conditions as the indicator seems to be softening above 70, a sign that downside corrections may emerge. Despite that, the triple exponential average oscillator (TRIX), which looks to be reversing north again, suggests that the price may keep the upward direction in the short-term. Moving higher, the bulls would aim for the [..]

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Technical Analysis – Palladium futures’ aggressive drop halted near 100-SMA and 50.0% Fibonacci; price moves inside Ichimoku cloud

Posted on August 1, 2019 at 2:38 pm GMT

Palladium futures’ struggle with the 23.6% Fibo of 1517 finally came to an end, after a two-week period. The metal collapsed through the 1467 support level, which is the 38.2% Fibo retracement level of the move up from 1255 to 1598, and the 1454 near support, to break into the Ichimoku cloud. Presently the metal is faced with the 100-day simple moving average (SMA) barrier which is parallel with the 50.0% Fibo of 1426. The 20-day SMA has started to [..]

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