Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 03, 2013 11:41:28

Palladium apparently passes through the price correction

ColosseumThe market for palladium is in upward trend since November last year. The current situation is such that the price formation creates Shoulder-Head-arm. A closer look one can see that the price of the extra resistance created Svicova engulfing formation. Likely is the emergence of second arm and thus the expected price decline towards the neckline. If this happens and the price even confirms and emerging formation, the market can drop the price about 660 USD per ounce. The current contract with delivery in June traded at $ 764.50 an ounce on the New York Mercantile Exchange (NYMEX). Chart: Price palladium per ounce in USD adjusted for the effect of scrolling (Source: CSI) TO THIS MESSAGE MAY APPLY Decree No. 114/2006 Coll., On the fair presentation of investment recommendations. IN THIS REPORT IS THE PERSON STATED THAT THIS MESSAGE TO COMPANY ESTABLISHED OR PREPARED.ADMINISTRATIVE OFFICE THAT UNDERTAKEN BY OVER SURVEILLANCE, THE CZECH NATIONAL BANK. ACCORDING TO THINK THERE ARE CIRCUMSTANCES, which could impair OBJECTIVITY THIS REPORT. Remuneration to persons who participated in the creation of this report is NOT DERIVED FROM TRADES COMPANY. Potential conflicts of interest in relation to this report is regulated by internal regulations. PAST RESULTS ARE NOT ANY WARRANTY PERIOD FOR FUTURE DEVELOPMENT. TRADING NAand # 160; FINANCIAL MARKETS IS RISK. NOT EXCLUDE THE POSSIBILITY OF LOSS AND EVERY TRADE is associated with certain risks. BEFORE YOU DECIDE TO INVEST, POUČENÍand READ # 160; OANDA # 160; RISKS.

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