Even the strongest uptrend needs to have its corrections

Palladium is already 3 years in huge uptrend and we didn´t see any correction down almost for 7 months. We can cleary see, that volume on sell was recently higher then buying volume so I think we will see double top and then we should AT LEAST test local support at 1270, but I think we could go much lower.
Palladium is mainly used in catalytic converters in gas-fueled cars. So in distant future, where there will be probably just electric cars, there will be almost none application for palladium and the price should drop as hell.

Trade fermée: ordre d’arrêt atteint:

Well, strenght of the platinum really surprised me, stop loss reached.