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Message: Re: Russia said to have used its palladium stockpiles
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Icon president Russia said to have used its palladium stockpiles

susan
May 19, 2010 05:00PM

I find it interesting that palladium drops almost 10% on a day when this story comes out. Trendline broke and so did the 50MA. SWC broke trend and PAL got hammered. I am wary whenever the perceived fundamentals disagree with the technicals - the technicals are often right.

Probably a tradeable bounce back up to the broken trendlines, but I'd be cautious for now.

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