Palladium Review For Thursday, Sept. 19

By Eric De Groot of Eric De Groot's Insights

Trader/investor • Sep 19, 2019 at 9:47 AM EDT

Palladium provides another classic example of bearish energy build slowing the primary trend.

Palladium provides another classic example of bearish energy build slowing the primary trend. Similar and early that gold's bearish build, palladium's DI = -67%. This warned disciplined traders that a reset of the daily trend was probably as early as last Friday. This warning, currently playing out, has yet to flip palladium daily trend. Like gold, investors should not view the low DI reading as a precursor to a bear market. It might happen, but we're still a long way away from triple downside alignment.

Palladium DI

Disclaimer:

Content provided by Eric De Groot is intended as general information and not specific recommendations. Individuals are responsible for their own investment decisions. Past performance does not guarantee future performance. Opinions are based on historical research and data believed reliable, but there is no guarantee results will be accurate or profitable. Not responsible for errors or omissions. I may invest in the vehicles mentioned in my articles. Readers are encouraged to conduct their own research and due diligence and/or obtain professional advice before making any investment decision.