- Analytics
- News and Tools
- Market News
- Sanctions risks on Palladium reignite buying activity – TDS
Sanctions risks on Palladium reignite buying activity – TDS
CTA trend followers are adding to their Palladium longs as price action triggers uptrend signals, TDS’ Senior Commodity Strategist Daniel Ghali notes.
CTAs are set to sell at a large-scale over the coming week
“Fear is the trade, given the US has requested G7 nations consider these inclusions, but the EU has already stopped short of considering them over the past years. Though with flows over the last weeks otherwise muted and with US election season underway, there are pathways for momentum to persist in the near-term.”
“Interestingly, however, the scope for subsequent CTA buying activity is limited, with a large uptape over the coming week only likely to spark small-scale purchases from algo traders. Meanwhile, price action has been as supportive as it can be for Platinum markets, adding a few days of delays to potential large-scale selling activity from the trend follower community.”
“Still, in every reasonable scenario for prices, CTAs will sell at a large-scale over the coming week. Even a modest reversal could be sufficient to catalyze a massive selling activity before the week's end.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
