NEWS: Palladium price increased 1.1% after yesterday’s fall to the lowest level in the last 3 days.
Possible Scenarios:
If Palladium fails to breach through R1 of 958.98, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R1 of 958.98, our Research Department expects the Palladium to extend its gains to its R2 of 967.59.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
918.80 |
927.41 |
936.02 |
947.50 |
958.98 |
967.59 |
976.20 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €97.44 |
(+/-) £82.04 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.02628
***GBP/USD = 1.21897
Calculations for exchange rate used as of Monday, January 14, 2025, 09:40 AM (GMT)