palladium futured breakout. this is an idea for long term swing in palladium.
palladium futured finaly broke out on a down trend line.
as you can see - first target is at 1127.
2nd tp level is at 1253.
Palladium - M chart On the chart:
-macd
-price action
-rsi
-bottoming volume bars
Rationale for upside move:
-rsi smooth bottom, turning up
-volume increasing
-smooth cup forming on price action
bullish head and shoulders last 3 candles daily chart palladiumbullish heads and shoulder palladium should get at least next fibonacci level (0.55) 2151.
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Related commodities
Frequently Asked Questions
The current price of Palladium Futures is 948.5 USD / APZ — it has risen 0.05% in the past 24 hours. Watch Palladium Futures price in more detail on the chart.
The volume of Palladium Futures is 1.06 K. Track more important stats on the Palladium Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Palladium Futures this number is 14.32 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Palladium Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Palladium Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Palladium Futures technicals for a more comprehensive analysis.