Scottman72

Scottman72

Nice continuation triangle about to break out. Get ready for stage 3 rocket.

Scottman72 Updated 

Recently Palladium has been going through a region of potential conflict. The yellow channel lines represent the region that Palladium was trending between during the 2016 and 2017 period. The green channel represents the region that Palladium has trending between since August 2018. The important 1.618 Fibonacci line generated from the peak on 18th Jan 2018 and...

Scottman72 Updated 

With Palladiums ever increasing price, it is now reaching the top trendline within the range its been trading since August 2018. This will be an interesting point for Palladium , it's fundamentals suggest an ever increasing price for the next year but this doesn't prevent localised trending through trading. The upper trend line at ~$1600 will be a test if this...

Scottman72

NG looks like is formed an ascending triangle on this year's data. Despite the status of the gas supplies and the expected trend direction down. This might indicate that the price is about to rise. But like all triangles. Wait for the break to form to confirm direction.

Scottman72

NG is likely to bottom at around 2.85 towards the end of the week. This is at the dashed support line from previous lows during the year. The 20MA line has also been a confirmation for a change in direction when crossed. It’s distance from the current price may indicate that it will bounce above this support line until the 20MA catches up. Similar to March-May...