Large-scale CTA buying activity may have supported Platinum markets last session, but signs of buying exhaustion could now morph into selling activity, TDS Senior Commodity Strategist Daniel Ghali notes. Palladium may still jump higher “Prices will now have to rally towards $995/oz to keep CTAs from shedding some of their recently added length, and a big downtape […]
The prices of precious metals have recovered, Commerzbank’s commodity strategist Carsten Fritsch notes. Precious metals prices go up “Silver is trading at $27.5 per troy ounce again. Platinum is priced at $940 per troy ounce and Palladium at $930 per troy ounce. While Silver and Platinum have so far only regained some of their losses, […]
Should demand expectations recover, palladium’s short squeeze could be reignited. It could be set-up to notably benefit from a reversal in broad commodity demand sentiment, TDS Senior Commodity Strategist Daniel Ghali notes A recovery in demand expectations may push Palladium higher “Should commodity demand expectations continue to subside, a cluster of Commodity Trading Advisor (CTA) […]
