NEWS: Palladium price is falling -2.1% as Russia expects higher Palladium supply and weaker demand from the automotive industry.
Possible Scenarios:
If Palladium fails to breach through S2 of 957.17, our Research Department expects the Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S2 of 957.17, our Research Department expects the Palladium to extend its losses to its S3 of 946.10.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
946.10 |
957.17 |
968.24 |
983.00 |
997.76 |
1008.83 |
1019.90 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €95.22 |
(+/-) £79.03 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.05015
***GBP/USD = 1.26531
Calculations for exchange rate used as of Friday, December 13, 2024, 14:35 GMT