Eoin personal portfolio commodity long initiated
Comment of the Day

March 28 2014

Commentary by Eoin Treacy

Eoin personal portfolio commodity long initiated

Eoin Treacy's view

Palladium pulled back sharply this week, having failed to push through $800. It found at least short-term support today above $750. Since breaking a yearlong progression of lower rally highs earlier this month prices have been consolidating in a $50 range and a sustained move below $750 would be required to begin to question a return to medium-term demand dominance. I initiated a long position this morning paying $767.28 for a June contract  

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