Palladium price is falling -2.6%

Fast Moving Market - 18/09/2024

18 September, 2024

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Palladium price is falling -2.6% after a 17.8% increase since September 9th.

Possible Scenarios:

If Palladium fails to breach through S3 of 1068.00, our Research Department expects the Palladium to undergo a short- term upward correction.

If Palladium manages to break below its S3 of 1068.00, our Research Department expects the Platinum to extend its losses to its S2 of 1080.90.

Support and Resistance Levels:

Palladium	S3	S2	S1	Reference Price	R1	R2	R3
Palladium	1068.00	1080.90	1093.80	1111.00	1128.20	1141.10	1154.00

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*	USD	EUR**	GBP***
1 dollar per 1 trading lot*	(+/-) $100	(+/-) €89.81	(+/-) £75.52

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.11340
***GBP/USD = 1.32419
Calculations for exchange rate used as of Wednesday, September 18, 2024, 15:52

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