NEWS: Palladium price is increasing 1.8% following better than expected U.S. economic data
Possible Scenarios:
If Palladium fails to breach through R1 of 965.56, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R1 of 965.56, our Research Department expects the Palladium to extend its gains to its R2 of 971.23.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
939.10 |
944.77 |
950.44 |
958.00 |
965.56 |
971.23 |
976.90 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €92.7 |
(+/-) £77.54 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.07877
***GBP/USD = 1.28961
Calculations for exchange rate used as of Wednesday, March 26, 2025, 12:55 GMT