CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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.

Palladium price is increasing 1.7%

Fast Moving Market - 15/01/2025

15 January, 2025

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 increasing 1.7% ahead of the US Consumer Price Index (CPI) inflation data which will be released today.

Possible Scenarios:

If Palladium fails to breach through R2 of 964.92, our Research Department expects the Palladium to undergo a short- term downward correction.

If Palladium manages to break above its R2 of 964.92, our Research Department expects the Palladium to extend its gains to its R3 of 973.45.

Support and Resistance Levels:

Palladium

S3

S2

S1

Reference Price

R1

R2

R3

916.55

925.09

933.62

945.00

956.38

964.92

973.45

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €96.98

(+/-) £81.82

*1 trading lot is equivalent of 100 units
**EUR/USD= 1.03112
***GBP/USD= 1.22211
Calculations for exchange rate used as of Wednesday, January 15, 2025, 10:05 GMT

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