Palladium (Globex) Weekly Commodity Futures Price Chart : NYMEX

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Weekly Commodity Futures Price Chart

Palladium (Globex) (NYMEX)

TFC Commodity Charts


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Contract Specifications:PA_,NYMEX
Trading Unit: 100 troy ounces
Tick Size: $0.05 (5 cents) per troy ounce ($5 per contract)
Quoted Units: US $ per troy ounce
Initial Margin: $3,713   Maint Margin: $2,750
Contract Months: Trading is conducted over 15 months beginning with the current month and the next two consecutive months before moving into the quarterly cycle of March, June, September, and December.
First Notice Day: First business day of contract month.
Last Trading Day: Close of business on the fourth business day prior to the end of the delivery month.
Trading Hours: Electronic trading: 6:00 PM until 5:15 PM on CME Globex Platform.
New York time.
Daily Limit: none

Analysis

Fri 5/22/15

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band.

Additional Analysis: The market is in overbought territory.

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Short Term: Even though based on conventional interpretation the market is technically bullish, we will not classify it as extremely bullish until the following occurs: price goes above the fast moving average.

Conventional Interpretation - Long Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Long Term: Recently the market has been extremely bearish, however currently the market has lost a some of its bearishness due to the following: the fast moving average slope is up from previous bar, the slow moving average slope is up from previous bar, price is above the fast moving average, price is above the slow moving average. Its possible that we may see a market rally here. if so, the rally might turn out to be a good short selling opportunity.

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is below the moving average so the trend is down.

Additional Analysis: CAUTION: The market trend has changed direction. Now the market trend is DOWN!

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is bullish because the SlowK line is above SlowD line.

Additional Analysis: The long term trend is DOWN. The market looks weak both long term and short term. The SlowK is at (56.89). A good downward move is possible without SlowK being oversold.

Swing Index Indicator:

Conventional Interpretation: The swing index is most often used to identify bars where the market is likely to change direction. A signal is generated when the swing index crosses zero. No signal has been generated here.

Additional Analysis: No additional interpretation.

Volatility Indicator: Volatility is in a downtrend based on a 9 bar moving average.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is DOWN. The short term market trend, based on a 5 bar moving average, is UP. Volume is trending higher, allowing for a pick up in volatility.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (-0.57) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (-0.57) has crossed below zero, issuing a signal to liquidate long positions and initiate short positions.

MACD Indicator:

Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. MACD is in bullish territory. However, the recent downturn in the MacdMA may indicate a short term decline within the next few bars.

Momentum Indicator:

Conventional Interpretation: Momentum (-4.35) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. Momentum is indicating an oversold market and appears to be slowing, suggesting some strength. A modest upturn is possible here.

Open Interest Indicator: Open Interest is trending up based on a 9 bar moving average. This is normal as delivery approaches and indicates increased liquidity.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (-0.55) is below zero, indicating an oversold market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. Rate of Change is indicating an oversold market and appears to be slowing, suggesting some strength. A modest upturn is possible here.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 49.15). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat oversold (RSI is at 49.15). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence here before getting too bullish here.

Stochastic - Fast Indicator:

Conventional Interpretation: The SlowK line crossed below the SlowD line; this indicates a sell signal.

Additional Analysis: The long term trend is DOWN. The short term trend is DOWN. SlowK was down this bar for the second bar in a row. We may have seen the top of the up move for a while. The market looks weak both long term and short term. The SlowK is at (53.43). A good downward move is possible without SlowK being oversold.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

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