Platinum Prices Up $6--Look At Palladium

Platinum Futures---Platinum futures in the April contract is trading higher for the 3rd consecutive trading session up $2 an ounce at 814 bouncing off major support.

Palladium prices hit another all-time high in today's trade up another $35 higher for the 13th consecutive session as I think that will start to push platinum prices higher as the spread between the two is at an all-time high.

I have been recommending a bullish position from around the 816 level & if you took that trade I'm going to continue to keep the stop loss at 787 as an exit strategy, but for the bullish momentum to continue we have to break the January 7th high of 836 in my opinion as I still remain bullish.

Platinum prices are trading above their 20 day but still below their 100 day moving average as the short term trend is mixed at this time. The chart structure is excellent due to the low volatility coupled with the fact that the risk/reward is still in your favor and if you did not take the original recommendation I am still bullish at this price level as the risk is around $1,400 plus slippage and commission

TREND: ---HIGHER--MIXED

CHART STRUCTURE: EXCELLENT

VOLATILITY---LOW

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