Palladium update - 25 October 2024
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
Palladium - a new potential opportunity at hand.
We put out a bearish call on Palladium on 10 October in which we were looking for a retrace into an 80 day cycle trough, due around now. The call came unstuck after three down sessions, when price found support at the 20 day FLD, turned around and rallied 17%. It happens, and we should have been quicker off the mark at releasing an update. We try our best to stay on top of all the calls we make, but sometimes our best is just not good enough. So what happened?
