Palladium price is falling -3.1%

Fast Moving Market - 06/09/2024

06 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 -3.1% on stronger US dollar as the US unemployment rate fell in August to 4.2%.

Possible Scenarios:

If Palladium fails to breach through Reference Price of 922.25, our Research Department expects Palladium to undergo a short- term upward correction.

If Palladium manages to break below its Reference Price of 922.25, our Research Department expects Palladium to extend its losses to its S1 of 910.21.

Support and Resistance Levels:

Palladium	S3	S2	S1	Reference Price	R1	R2	R3
Palladium	892.15	901.18	910.21	922.25	934.29	943.32	952.35

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*	USD	EUR**	GBP***
1 dollar per 1 trading lot*	(+/-) $100	(+/-) €90.15	(+/-) £75.93

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.10923
***GBP/USD = 1.31694
Calculations for exchange rate used as of Friday, September 6, 2024, 15:30 GMT+1

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