Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Pd On The Verge Of Correction?

Floating at the current rate of $800 per ounce, Palladium quietly creeps up the charts into multi-year territories. But with two 100-point scalar levels untested (500 and 700), this catalytic chemical may soon face a harsh global sell-off totally unrelated to both metals and equities fundamentals. A pure and technical play, indeed. Why, it would be a black swan if it creates another 100-point scalar top. And even if it does, a squeeze-reaction could definitely yield a high probability expectation. SEE CHART HERE.