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Having a look at the recent price action on CHN, it appears to...

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DmitriMA

4,001 Posts.

247

23/05/24

19:42

Post #: 73982276
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Originally posted by DmitriMA: ↑

So Palladium has definitely faltered at this point, actually now slightly cheaper than Platinum.

Interestingly, Chalice is making upward moves against Palladium's drop, which would suggest a few possibilities -
such as re-rating, anticipation of Palladium price bottoming,
&/or simply trading against reference points -
like this expanding channel I drew up yesterday morning on daily & weekly timeframes...

Traders may well be piling in to take advantage of these upside targets around $1.40 and $1.70, as CHN is currently @ $1.38.

Expand

Having a look at the recent price action on CHN,
it appears to be referencing a regular parallel channel now,
with a backtest today...

Stay tuned!
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0 Great analysis

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