BRENT CRUDE and PALLADIUM

Strong breakouts are likely on these two commodities in the following weeks. Both Brent Crude oil and Palladium reached multi-year low volatility levels. Volatility is cyclical. Low volatility periods are usually followed by high volatility and vice versa. Charts below show Brent Crude Oil ETF trading in London and Palladium cash price. Breakout above 73 levels on ETFS Brent and also above 767 levels on Palladium will be followed by strong trend periods. We should monitor these two commodities closely in the following weeks.