The Palladium price is bouncing hard
We have been noting down-trending Palladium price week after week in NFTRH as a footnote of little importance. But this week Pd is finally getting a move on! And that move is within a major downtrend, unlikely to end any time soon. Indeed, it’ll probably bounce to 1800 where lateral resistance (not drawn in) meets the down-sloping major daily trend marker, the SMA 200.
Ah commodities and the hedgies, quants, algos and machines that drive them. A thrill a minute when they finally get played after months of nothing. What’s happening? A war thing or is it just time for a play? Uranium up next? It’s notorious for spikes out of nowhere.
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