Who Wants to Short Commodities?

Palladium is coming upon a major resistance line. The cyan line on the SlopeChart starts in 1980. A tag of that line would be in line with the 2001 top. Palladium didn't peak until 10 months after the Nasdaq topped in March 2000. I don't have a strong opinion about palladium failing, but a reversal could come later this year. A breakout in palladium would be notable since I expect it will underperform other commodities, including platinum.

1998: "Russian Palladium Exports Leap, Forcing Prices Down to '98 Lows"

2000: "Palladium rises on signs of lower Russian exports"

Same nation, the same markets. Oil fell below $10 a barrel on the Russian default in 1998, palladium eventually soared peaking after the Nasdaq.

1998 oil low

3 years later palladium peaks, 10 months after Nasdaq

2020 oil low

2-3 years later, palladium peaks after Nasdaq again?