I believe we’re only at the beginning of a major move in palladium.
On the weekly chart, the trend looks bullish, with the first resistance around the $1200 level.
Potentially, we could see a move up to $2000 per ounce.
I still believe that being long in the commodities market makes sense — especially in undervalued assets like silver and palladium.
Long palladium from current levels.
Wide stop-loss at 2.50%, placed at $1015.
On the weekly chart, the trend looks bullish, with the first resistance around the $1200 level.
Potentially, we could see a move up to $2000 per ounce.
I still believe that being long in the commodities market makes sense — especially in undervalued assets like silver and palladium.
Long palladium from current levels.
Wide stop-loss at 2.50%, placed at $1015.
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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.