- PALL has appreciated noticeably since the start of the month, confirming our bullish near-term view.
- In addition to its healthy fundamental backdrop and positive price seasonal patterns in the year-end, palladium also enjoys a much lighter positioning than the rest of the precious metals.
- Our global positioning indicator is in the neutral zone for palladium in contrast with most other precious metals for which it is in the sell zone.
- We expect PALL to perform well over the next three months, maintaining our three-month target at $260/share.
For further details see:
PALL: Lighter Positioning, Tighter Fundamentals