Boost Your Portfolio with CTA Purchases: Platinum on the Rise, According to TDS
Platinum and Palladium Price Analysis: What to Expect in the Coming Week The recent surge in buying activity for Platinum may have provided some support to the market, but experts like TDS Senior Commodity Strategist Daniel Ghali are now seeing signs of potential selling activity due to exhaustion from buyers. On the other hand, Palladium prices are still expected to climb higher. However, they will need to reach $995/oz in order to prevent CTAs from reducing their positions. If there is a significant downtrend over the next week, it could lead to substantial CTA selling activity amounting to as much as -40% of the algos' max size. Despite this, there are some scenarios that could result in continued buying activity from algorithmic trend followers. Nevertheless, the current setup for flows suggests extreme downside asymmetry. In contrast, Palladium's setup appears nearly symmetric. A significant upturn is likely to trigger large-scale buying activity from ...