 Hello and welcome to the chart of the week video with me deaf madam today's date is Thursday the 13th of December 2018 and the time is this gun 1010 GMT this week's chart of the week is Palladium and as you can see here I've taken a longer view on the chart on the market. We can see that The Palladium market has been a solid upward trend Since August a classic example towards the end here of higher highs and higher lows And we're currently trading at 1202 1202.4 We're not too far away from the record high that was set last week So that's a good indication of a bullish The business market it is taking a look at the MACD Indicator at the MACD Instagram down here. We can see that as the market is edging higher here We can see a slight increase in positive momentum So the upward move we're seeing in the in the in the actual market itself is being confirmed by the steady increase in positive momentum. So the bulls are very much in control If you look to press it look to take take out Last week's record high just north of 12.05. We could be looking at the targeting the 1230 region now Where I got that I'm that a rough price target from was by taking a look At the upper at the race at the by measuring the upward upward moves that we've seen in recent weeks and project Getting an average and projecting upwards So if you take a take an average of the various different upward moves that you measure the upward move from here to here From here to here and from this low to this high here If you take an average of those three upward moves they rallied on average 86 86 dollars 86 dollars per upward move and Starting with the with the the base here with with the low here in the 1142 region and Projecting upwards 86 dollars. I'll bring us to in around 1230 so this is a rough projection of what we could potentially see should be the upward trend Palladium has been in for recent for a number of months now continues On the other hand if Palladium does manage to drift a bit lower We could see some fresh buyers enter the fold and we could see support to come into play in around the 1142 1137 region here if market drops drops in below that again We could see the mark we could see the fifth a day moving average common to play this blue line here Which comes to play at 1111 and a move below that might bring 1100 into play Caracas been in a solid for trend for another month and so I'm buying in the dip has been a popular strategy So this is the areas that we could potentially see the market drift back to should they read a bit of a downward pressure a break Below 1100 could point to to further losses Just before I finish up this video If you want to make any any comments on this video or any of the other videos We've made here at CMC markets Please feel free to leave a review on Google reviews and that's all for me to me this week. Thank you very much