Palladium Futures (PA1!) Approach Key Supply Zone: Is a Reversal Imminent?
June 30, 2025 – Palladium Futures (PA1!) opened the new trading week with a bullish candle, reaching a fresh high at 1,161 after last week’s uncertain Doji rejection near 1,193.5. The metal is now approaching a critical supply zone between 1,199 and 1,255, where traders should watch for potential reversals.
Key Technical Levels in Play
Current Price Action: After a strong push today, PA1! is testing higher levels, but the previous week’s Doji near 1,193.5 suggests hesitation among buyers.
Supply Zone (1,199 – 1,255): This area has not acted as resistance previously, and with price nearing it, a pullback or reversal could be in play.
Daily & Weekly Timeframes: The daily chart shows steady bullish momentum, but the weekly reveals a bearish divergence in Non-Commercial (smart money) positions—raising caution.
COT Report Signals Warning Signs
The latest Commitment of Traders (COT) report reveals interesting dynamics:
Commercials (Hedgers): At their lowest levels since February, suggesting producers are hedging aggressively at these prices.
Non-Commercials (Large Speculators): Still holding elevated positions but showing divergence—price is rising while their net-long exposure weakens.
Retail Traders: Remain bullish, which often acts as a contrarian signal when combined with Commercial hedging.
What’s Next for Palladium?
Given the confluence of factors:
Supply Zone Resistance (1,199 – 1,255): A logical area for profit-taking or short entries.
Bearish Divergence in Non-Commercials: Suggests weakening bullish conviction.
Commercials Hedging at Highs: Indicates potential downside ahead.
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June 30, 2025 – Palladium Futures (PA1!) opened the new trading week with a bullish candle, reaching a fresh high at 1,161 after last week’s uncertain Doji rejection near 1,193.5. The metal is now approaching a critical supply zone between 1,199 and 1,255, where traders should watch for potential reversals.
Key Technical Levels in Play
Current Price Action: After a strong push today, PA1! is testing higher levels, but the previous week’s Doji near 1,193.5 suggests hesitation among buyers.
Supply Zone (1,199 – 1,255): This area has not acted as resistance previously, and with price nearing it, a pullback or reversal could be in play.
Daily & Weekly Timeframes: The daily chart shows steady bullish momentum, but the weekly reveals a bearish divergence in Non-Commercial (smart money) positions—raising caution.
COT Report Signals Warning Signs
The latest Commitment of Traders (COT) report reveals interesting dynamics:
Commercials (Hedgers): At their lowest levels since February, suggesting producers are hedging aggressively at these prices.
Non-Commercials (Large Speculators): Still holding elevated positions but showing divergence—price is rising while their net-long exposure weakens.
Retail Traders: Remain bullish, which often acts as a contrarian signal when combined with Commercial hedging.
What’s Next for Palladium?
Given the confluence of factors:
Supply Zone Resistance (1,199 – 1,255): A logical area for profit-taking or short entries.
Bearish Divergence in Non-Commercials: Suggests weakening bullish conviction.
Commercials Hedging at Highs: Indicates potential downside ahead.
✅ Please share your thoughts about CL1! in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
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🟪 Instagram: instagram.com/forexn1_com/
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🔥 ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.