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.
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Palladium

Special Reports - 13/01/2025

13 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.

Palladium weekly special report based on 1.00 Lot Calculation:

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):

  • FRIDAY, JANUARY 17 AT 02:00 GMT: CHINA GDP (Q4) (PREVIOUS: 4.6%).
  • FRIDAY, JANUARY 17 AT 02:00 GMT: CHINA INDUSTRIAL PRODUCTION (DECEMBER) (PREVIOUS: 5.4%)

EVENTS (USA):

  • TUESDAY, JANUARY 14 AT 13:30 GMT: USA PRODUCER PRICE INDEX (DECEMBER) (PREVIOUS: 0.4%)
  • WEDNESDAY, JANUARY 15 AT 13:30 GMT: USA CONSUMER PRICE INDEX (CPI) (DECEMBER) (PREVIOUS: 2.7%)

TECHNICAL ANALYSIS:

  • STRONG SUPPORT AT $900. PALLADIUM PRICES HAVE TESTED THE MARK OF $900 (OR NEAR) 12 TIMES SINCE THE BEGINNING OF 2024.

GRAPH (Daily): January 2024 – January 2025

Please note that past performance does not guarantee future results

ANALYST OPINION:

Source: Bloomberg Terminal

PALLADIUM, January 13, 2025
Current Price: 937

PALLADIUM

Weekly

Trend direction

UP

Resistance 3

1250

Resistance 2

1100

Resistance 1

1000

Support 1

890

Support 2

880

Support 3

870

Example of calculation base on weekly trend direction for 1.00 Lot1

PALLADIUM

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

31,300

16,300

6,300

-4,700

-5,700

-6,700

Profit or loss in €2

30,676

15,975

6,174

-4,606

-5,586

-6,566

Profit or loss in £2

25,810

13,441

5,195

-3,876

-4,700

-5,525

Profit or loss in C$2

45,130

23,502

9,084

-6,777

-8,219

-9,660

1. 1.00 lot is equivalent of 100 units

2. Calculations for exchange rate used as of 12:30 (GMT) 13/1/2025

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.
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Risk Warning and Disclaimer: 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 understand how CFDs work and whether you can afford to take the high risk of losing your money. Fortrade Cyprus Ltd is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20. CFD products may not be suitable for all clients, therefore ensure, that you understand the risks involved and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. 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.

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