CoT Report Shows Bullish Palladium. March 28, 2020


Palladium (Chart 1) has reached a 3-years low (Chart 2) in terms of short positions of commercials. This fact is based on recent Commitment of Traders Report (CoT) and indicates that it is more likely that the price will rise. The observation of the net positions of the commercials also support this conclusion. The net positions of the commercials have reached a bullish area compare to the last 52 weeks (Chart 3). Considering these 2 facts it is more likely that we will see rising prices in the next few weeks or months. Here are the relevant charts:

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