Re: Russia said to have used its palladium stockpiles

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Klaus

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Re: Russia said to have used its palladium stockpiles

in response to

Russia said to have used its palladium stockpiles

susan

posted on May 19, 2010 06:14PM

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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