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Palladium Prices Lower For The Trading Week

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Palladium Futures---Palladium futures in the September contract are currently trading at 1,540 after settling last Friday at 1,564 down about $24 for the trading week despite the fact that prices hit all-time highs in yesterday's trade before profit-taking ensued.

I have been recommending a bullish position from around the 1,388 level and if you took that trade place the stop loss at 1,523 on a hard basis only as I'm not willing to risk further price declines. I also have bullish recommendations in copper, platinum, and the silver market as I think this is one of the strongest sectors at the present time. Palladium prices are trading far above their 20 and 100 day moving average as the trend remains to the upside, however if we are stopped out we will move on and look at other markets that are beginning to trend.

Volatility in palladium has finally come alive as historically speaking this commodity can experience large price swings on a daily basis as this Friday afternoon prices are down about $20 so don't 2nd guess and continue to place the proper stop loss.




If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit




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About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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