End of Year Palladium Bull Run \o/

לפני 5 ימים

From the current notation, I see this leveraged ETF on Palladium rising approximately 45% until the end of the year. The reasons are as follows:

• Fundamental Factors: With increasing sanctions on Russia, one of the main exporters of palladium, global supply may become constrained. Furthermore, inflationary pressures might drive commodity prices higher.
• Technical Indicators: The Palladium chart has recently formed a higher high, and a higher low appears to be developing. The price has crossed above the 200-day SMA, and now the 30-, 50-, and 200-day SMAs are bullishly aligned.
• Seasonality: The seasonal strength in XPDUSD is expected to begin the week after next.

So, we could get ready for rising prices in Palladium!

שלשום

עסקה פעילה

Looking at the PD1! chart - there is possibly some further room to the downside if this ABC correction plays out: