Commodity of the day - Rhodium
Another AI material that has doubled in price in year-on-year.
Fun fact : Only 30 Tonnes of Rhodium is produced every year and that gives it sort of rare value.
Demand Driver - Usage in Hard Drive and other electronics items
Price chart analysis :- 2.50X since March 2025. Currently sitting at 20 WMA but struggling around 20,50, 100 DMA.
A massive divergence on daily RS.
Breakdown below trendline will be quite bearish for the commodity.