Authored by Vittoria Onufrio via Halifax America
The Spread Indicator entered the overbought level. The indicator crossed above 80 suggesting that the December 2017 Palladium contract is weaker than the March 2018 contract. I would consider selling Palladium December 2017 and buying March 2018 at the closing of the market
My trading ideas:
- Sell Palladium December 2017 and Buy Palladium March 2018 at the closing of the market
- Profit Target $400.00
- Stop loss $400.00
If the market does not reach either the target or the stop, then exit on November 26, 2017 at the closing of the market.
These recommendations are a solicitation for entering into derivatives transactions. All known news and events have already been factored into the price of the underlying derivatives discussed. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. No representation is being made that any account has in the past, or will in the future, achieve profits using these recommendations. No representation is being made that price patterns will recur in the future.
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