On 17th December 2019, price made an attempt at breaking the $2,000 major round number and failed.
From that date through to the end of 2019, it was unclear whether Palladium would exceed $2,000.
We prefer to wait for breakouts and avoid trying to guess what price will do next.
On 6th January 2020, price broke and closed above $2,000 creating new historical highs and signalling
strong momentum in this commodity.
If price does continue to rise then we can expect to see deep pullbacks along the way up as this is the
nature of this commodity but this is nothing to worry about.
Pullbacks are just periods of temporary selling and usually scares off the inexperienced traders.
If you are trading and following the trend, then your stops should be kept a distance away from price
to allow these pullbacks to occur without stopping you out prematurely.
We will be following Palladium and will be looking to add more positions to our profitable trades
that are currently still running.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
From that date through to the end of 2019, it was unclear whether Palladium would exceed $2,000.
We prefer to wait for breakouts and avoid trying to guess what price will do next.
On 6th January 2020, price broke and closed above $2,000 creating new historical highs and signalling
strong momentum in this commodity.
If price does continue to rise then we can expect to see deep pullbacks along the way up as this is the
nature of this commodity but this is nothing to worry about.
Pullbacks are just periods of temporary selling and usually scares off the inexperienced traders.
If you are trading and following the trend, then your stops should be kept a distance away from price
to allow these pullbacks to occur without stopping you out prematurely.
We will be following Palladium and will be looking to add more positions to our profitable trades
that are currently still running.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
