Palladium Futures
Long
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Palladium’s Bullish Outlook Amidst a Market Fakeout

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Palladium has emerged as the second strongest precious metal this year, demonstrating notable resilience. Over the past three weeks, however, its price has experienced a retracement, revealing two potential weekly demand zones on the chart. An analysis of the Commitment of Traders (COT) report indicates that this pullback is not driven by non-commercial traders, who are actually increasing their positions. This discrepancy suggests that the recent decline may be a false move by the market. Consequently, I am considering placing limit orders within the two identified demand areas to capitalize on a potential rebound.

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