NEWS: Palladium price is increasing 1.8% on an announced stimulus packages in China and the European Union
Possible Scenarios:
If Palladium fails to breach through R2 of 959.43, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R2 of 959.43, our Research Department expects the Palladium to extend its gains to its R3 of 965.40.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
925.60 |
931.57 |
937.54 |
945.50 |
953.46 |
959.43 |
965.40 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €92.36 |
(+/-) £77.33 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.08270
***GBP/USD = 1.29312
Calculations for exchange rate used as of Friday, March 21, 2025, 15:40 GMT