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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.43% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Palladium price is falling -3.5%

Fast Moving Market - 03/09/2024

03 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 3.5% as general sentiment turns negative ahead of this week’s labor market data in the USA.

Possible Scenarios:

If Palladium fails to breach through S2 of 930.70, our Research Department expects Palladium to undergo a short- term upward correction.

If Palladium manages to break below its S2 of 930.70, our Research Department expects Palladium to extend its losses to its S3 of 921.35.

Support and Resistance Levels:

Palladium

S3

S2

S1

Reference Price

R1

R2

R3

921.35

930.70

940.04

952.50

964.96

974.31

983.65

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €90.44

(+/-) £76.16

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.10566
***GBP/USD = 1.31303
Calculations for exchange rate used as of Tuesday, September 3, 2024, 14:47 GMT+1

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