Palladium - Go Long

17 January 2018 / Research Notes Posted by: Musa Makoni

Palladium has had a stellar rally recently but it recently recorded a minor retracement. Short-to-medium forecasts anticipate increased demand for Palladium therefore this presents an opportunity for a quick short-term long trade.

ENTRY: Current price level

STOP LOSS: 1084.50

TARGET PRICE 1: 1130.00

TARGET PRICE 2: 1150.00

Once the price reaches 1117.50 move your stop loss to the entry level.

CHART (DAILY)

CFDs are complex, leveraged products. Trading CFDs is high risk and losses could far exceed your initial capital input. Please ensure you fully understand the risks with trading CFDs before considering this form of trading.

GT247.com is a product of EasyTrader (Pty) Ltd t/a GT247.com (registration number 2017/190488/07), which is a licensed over-the-counter derivatives provider (ODP43) and a juristic representative of the Purple Group Ltd which is an authorised financial services provider (FSP46315).

In respect of foreign over-the-counter derivatives, we may, in our capacity as a juristic representative of Purple Group, introduce you to foreign over-the-counter derivatives providers.

All trades on the trading platform are subject to the legal terms and conditions to which you agree to be bound.

The information on this website is not directed at residents outside of South Africa and is not intended for distribution to or use by any person in any particular country or jurisdiction where such distribution or use would be contrary to local laws or regulations. GT247.com does not market its services to persons that reside outside of South Africa.

Resources