However, we could soon see a peak and implosion of this bubble, because that’s what it is, even without RSI divergence. So if you decide to jump on the bull ride keep your stops close! When a bubble bursts the downturn is very often faster than the upturn! Take lessons from the 2001 and 2008 collapse.
As mentioned by our commodities expert Ole S. Hansen in this excellent piece
it could be a good idea to look for an alternative to palladium – platinum.
Platinum has been lagging palladium but now seems to be on the move. The $780/oz level seemed to be too strong to break. Bears got rejected several times since December 2018. Last week platinum broke out of its descending triangle like pattern . RSI is above 60 ie. bullish indication.