Australian (ASX) Stock Market Forum

Palladium

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Interesting. Price getting up there.
March to June quarter results should be good for producers if prices can hold up.
Any stocks likely to get special or raised dividends out of this?

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frugal.rock said:
Interesting. Price getting up there.
March to June quarter results should be good for producers if prices can hold up.
Any stocks likely to get special or raised dividends out of this?
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would like to see 3k just get cracked for a rotation need a long history to see how long this hike has been travelling
plenty of momo currently from a tawdry mashup last cupla months ..err, year !

blow it off gang you can do it.....
 
with $xauusd issuing sell signals, $PA $palladium is likely to have pofit taking at 3k level too
STO with stop at largest top as its so close (STO 2958 BTC 3009 )
 
how say you @frugal.rock ....have couple of sells on PA (cfd front month contract $palladium)

looks exhausted, nice steps down from the high .....fake high, the churn up is a mess

anyways, the risk is the altime so it's good (STO 2860 + 2850)
 
since (what i see as a fake out new altime high) we have had 3 swings down, two against......

the two against the current downswing went 89% lift and 71% lift
if the current shift in liquidiy through the cfd lens of (small amount of) players is true we are now lifting "against" at 2714
in the front month contract, so, suggest watch the % price can go "against" the current larger downswing to see if a lessoning
of the 3rd lift adds to the idea the (fake) most recent altime high is over and we are in short term downtrend
 
lower to go on this round
www.tradingview.com

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usually at this point i waffle about "the bulls have all the work to do to prove their case"
but this has not gone the way i thought so far seems it's all the work to be done by me to prove the sell case

interim, yeah, lower to go, but much to do to prove the bear resumes after a fake altime high
 
Joules MM1 said:
how say you @frugal.rock ....have couple of sells on PA (cfd front month contract $palladium)
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Cob, I'm no use to you.
I have nfi about futures.

Would love your thoughts over in the OOO thread about potential earnings for Jan to June this year.
3 month contracts forward or something...I dunno.
 
$pa palladium keeps offering clues that bids have met stepping resistance,
a step down resistance sets above, several attempts to break above that step see price print a new step
the auction is hinting we have to move lower for bids to encounter buyers who think theyre in a value zone worth bidding

2722 the next step down?

www.tradingview.com

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palladium dips again 080621.png
freudian(?), "very busy auction here" should read - referring to the circle a lot of transactions took place, a lot of auction "chatter"
 
excruciating slow sell, still we have a series of lower lows and all the lifts have
adhered nicely to ratios so no need to close anything (yet)
interesting that despite being thinly traded, which exaggerates when players swing liquidity either side,
when we were headed up in what i call the fake new altime high, players were clearly shifting from BTO to STO
yet since that altime high that swing has diminished to almost static with overwhelming support from bids
what does that say about the few players that are in the game? probably that theyre buying the discounted dip
..which, so far, keeps offering further discounts

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2722 level back under the microscope, but like blades of grass having a fist fight, both retail and "top" clients
cfd remain staunchly long (80% and 88%) every step down unlike swapping seats in the final chop towards the fake altime high

risk appears to be 2810 for STO's, as price bounces to clear markers within the prior swingdown (relative basis), step by step, quietly lower
comfortable buying levels for those who like buy comfortable things
www.tradingview.com

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2841 now the uncle level at which point i'll be forced to close this long-winded sell
structure keeps printing steps and now steps (hooks) within, still adhering to tight ratios
all providing ongoing context
one noticeable difference in the cfd are the top traders who finally budged from being 94% long yesterday to
55% long after last nights spike (hook), that's not the # of players rather the liquidity placement (55% BTO x 45% STO)
 
both xauusd and palladium making more noise than an aggressive flog reporters at a Victorian covid presser

www.tradingview.com

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bidders bail adding to the sell
 
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i uncluttered the chart (above) now the work-up is complete and we have a clean near-term trend
currently going thru a relief bounce

looking at the bigger picture for congestion in the prior vpoc zone 2440 starting area:
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keeping the labels even tho price has limped higher, given all the previous retracements the 61.8 to 66% seems reasonable
yet $pa has not gone todays dash for cash with $xauusd

...the day is young
www.tradingview.com

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getting back thru 2800 would extract the STO completely, not like it's running out of time, with thin trade the
construct offers conflicting set-ups, so we may get there and fall over, picture is clear enough todate, sellside
 
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