Palladium: looking for direction

9. Jan.

After a fantastic pump, the profit taking dump has been relentlessly orderly and is now at a crossroads. Currently bouncing off the .786 Fib, will we see a bullish trend emerge with a higher monthly high, or will demand continue to lag and its bear channel resume? One thing that may be worth considering here is palladium's importance in hydrogen energy production. If hydrogen fuel is going to feature strongly in the transition to clean energy as global investment in it indicates, then palladium may well be currently selling at a discounted price.