Palladium price is rising 1.1%

Fast Moving Market - 18/10/2024

18 October, 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 rising 1.1% because of better than expected economic data from China

Possible Scenarios:

If Palladium fails to breach through R2 of 1072.85, our Research Department expects the Palladium to undergo a short- term downward correction.

If Palladium manages to break above its R2 of 1072.85, our Research Department expects the Palladium to extend its gains to its R3 of 1082.00.

Support and Resistance Levels:

Palladium	S3	S2	S1	Reference Price	R1	R2	R3
Palladium	1021.00	1030.15	1039.30	1051.50	1063.70	1072.85	1082.00

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*	USD	EUR**	GBP***
1 dollar per 1 trading lot*	(+/-) $100	(+/-) €92.24	(+/-) £76.64

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.08415
***GBP/USD = 1.30479
Calculations for exchange rate used as of Friday, October 18, 2024, 09:34 GMT + 1

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