Palladium weekly special report based on 1.00 Lot Calculation:
TECHNICAL ANALYSIS:
- STRONG SUPPORT AT $900. PALLADIUM PRICES HAVE TESTED THE MARK OF $900 (OR NEAR) 15 TIMES SINCE JANUARY 2024.
GRAPH (Daily): January 2024 – April 2025
Please note that past performance does not guarantee future results
- 2024-2025 STATISTICS: PALLADIUM TENDS TO RECOVER BY AROUND 14% AFTER TESTING THE MARK OF $900 OR NEAR IT. However, there remains a risk of a potential breakout below this level if market conditions change.
Data Source: Fortrade Meta Trader 4
Please note that past performance does not guarantee future results
PALLADIUM USE AND MARKET SHARE:
- Palladium is mostly used in catalytic converters by the car industry to reduce harmful gas emissions, while tightening regulation is forcing automakers to put more Palladium into each vehicle, which in turn could keep the demand outlook positive. Palladium has also been used in fuel cells to generate power.
- MARKET SHARE (PRODUCERS): Russia is the largest producer, holding 43% of the markets, while South Africa is the second largest with 33.00% of the markets. Canada is third on the list with 9.5% of the global production.
- MARKET SHARE (CONSUMERS): China is the largest Palladium consumer with 31%, while Europe and North America (USA) hold 20% each. Japan stands at 11%.
EVENTS (CHINA):
- THURSDAY, APRIL 10 AT 02:30 GMT+1: CHINA INFLATION (CPI) (MARCH) (PREVIOUS: -0.7%). Stronger-than-expected CPI and PPI data could signal an expanding Chinese economy and industrial activity, supporting higher palladium prices.
- WEDNESDAY, APRIL 16 AT 03:00 GMT+1: CHINA GROSS DOMESTIC PRODUCT (GDP) (Q1). (PREVIOUS: +5.4%). Stronger-than-expected gross domestic product (GDP) data could indicate rising economic activity in China, the world's largest consumer of palladium, potentially supporting higher palladium prices.
EVENTS (USA):
- THURSDAY, APRIL 10 AT 13:30 GMT+1: US INFLATION (CPI) (MARCH) (PREVIOUS: 2.8%). A smaller-than-expected number could be supportive for Palladium because then the FED could be encouraged to lower interest rate cuts. This index measures the change in the price of the goods and services from the perspective of the consumer. In February, inflation came in at 2.8%, which was lower than analysts’ expectations of 2.9%.
PALLADIUM, April 7, 2025
Current Price: 902
PALLADIUM |
Weekly |
Trend direction |
|
1,200 |
|
1,100 |
|
960 |
|
850 |
|
840 |
|
830 |
Example of calculation base on weekly trend direction for 1.00 Lot1
PALLADIUM
Pivot Points |
||||||
Profit or loss in $ |
29,800 |
19,800 |
5,800 |
-5,200 |
-6,200 |
-7,200 |
Profit or loss in €2 |
27,152 |
18,041 |
5,285 |
-4,738 |
-5,649 |
-6,560 |
Profit or loss in £2 |
23,169 |
15,394 |
4,509 |
-4,043 |
-4,820 |
-5,598 |
Profit or loss in C$2 |
42,502 |
28,239 |
8,272 |
-7,416 |
-8,843 |
-10,269 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 10:20 (GMT+1) 7/4/2025
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.