Rebound in Platinum or Palladium, or it is just a fake move?!

Rebound in Platinum or Palladium, or it is just a fake move?!

Do we have the opportunity to buy Palladium and Platinum right now, since the price dropped over 22% from all time high?!?

Prices are very attractive if we look on the charts below, but Fundamental Analysis tells another story:

  • Palladium is used primarily as an emissions purifier for gasoline engines cars
  • Platinum is used in the same way for diesel cars    
  • Auto sector is continuing facing challenges due to micro-chip shortage
  • Electric cars & hybrid technology are on the wave

We, personally, don not like to take trades without a fundamental catalyst or in opposition to Fundamental Outlook. From a technical point of view, we have interest in this trade but just for a very short time (a few days trade duration).

It's wise to wait a recovery in car sales and, after that, just take this trade.

What is your opinion regarding rebounding in Platinum or Palladium, or it is only a fake move?!


Plladiun rebound trade

Plattinium rebound