Start your week with advanced Elliott Wave analyses

Receive latest analyses today

Subscribe now

Palladium Gets Interesting as it Approaches New High

Two months ago, the price of palladium was hovering around $1425 following a recovery from as low as $1325. Unfortunately for the bulls, the structure of the decline from $1615 to $1325 suggested still lower targets were plausible. The chart below, published on April 21st, visualizes the reason for our pessimism. The hourly chart of…

Read More »

Palladium Draws a Pattern that Should Scare the Bulls

The price of palladium rose significantly during the months between August 2018 to February 2019. By mid-March 2019, it was up nearly 52% from the August 2018 lows, climbing to an all-time high of $1615.30. The industrial metal’s wide use in the auto industry as well as its growing popularity in the jewelry business are…

Read More »