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How High Are Palladium Prices Going ?

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Palladium Futures---Palladium futures continue their torrid rise to the upside up another $9 at 1,855 hitting another all-time high and has now traded higher 13 out of the last 15 trading sessions continuing its bullish momentum and if you have been following any of my previous blogs I have stated that prices will hit the 2,000 level as I see no reason to be short this commodity.

At the present time this is by far the strongest bullish trend to the upside as incredibly strong demand and low supplies continue to fuel this market higher and if you are long a futures contract stay long as there is still significant room to run to the upside in my opinion. Palladium prices are trading far above their 20 and 100 day moving average as this trend is extremely strong and the volatility still remains relatively low even at these all-time high prices and I don't think that situation is going to last much longer as I think you will start to see explosive moves to the upside in the coming weeks ahead.

If you take a look at the daily chart there is no resistance to the upside as these are at all-time highs and one of my trading rules is when contact highs are touched that means further gains continue as being short is a fool's game




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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There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.

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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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