The price of palladium and platinum are based on two things: supply & demand. However, it is more complicated than that. There is also market speculation on supply and demand which is often seen as directly linked to overall market performance. Overall market performance seems to dictate the swings of
The result is that there are periods of recovery despite market movement. This is where we are now. Despite the
Historically,
Palladium prices went up 0.85% today, while platinum was down.
I suspect there will be a 50% recovery (seems to be typical for these types of dramatic short swings before a consolidation pattern and upswing) from the latest drop by the end of the week, end of tomorrow if we are lucky. That puts it around an $11.75 price target to sell high.
Nota
Although the general trend is still up, the security price is walking sideways. I do not expect it to continue bouncing between 11.24 and 11.40 for very long. Watch for the break out.Nota
11.75 almost here!Nota
Time was wrong, but the price will definitely hit 11.75Declinazione di responsabilità
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.