While other precious metals are in clear down trends since mid-2011, the palladium market has always remains well-bid thanks in part to its relative rareness and the fact that it has similar industrial qualities as that of platinum at a lesser cost. Looking at the long term chart of palladium futures, I get the sense that this metal is getting ready to rally this...
Notes on the chart Any Question and comment is welcomed
After making a historical high @888, turning on bearish crab. Target below 800 @785
Performance table from May 2013 - Oil, Palladium, Wall Street, Platinum, Copper, Gold, Silver in that order. Should be self-explanatory. I would be interested in any educated conclusions.
Palladium overtakes Gold. Platinum gets the bronze medal and Copper is 4th
Palladium / USD - is looking very bullish. Four Tentative Up Trendlines. The last most accelerated Tentative Up Trendline is pushing the price up fast. Two Resistance lines ahead. If the price is not breaking the 4th most accelerated Tentative Up Trendline and it gets to the Resistance Lines, price may get exhausted. If you are Long, taking some profits at the...