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%.
DONALD TRUMP AND PALLADIUM DURING TRUMP’S FIRST PRESIDENCY (JANUARY 2017 - JANUARY 2021):
- NO SUBSIDIES FOR ELECTRIC VEHICLE SALES, THEREFORE HIGHER SALES OF TRADITIONAL CARS AND HIGHER USE OF PALLADIUM IN AUTOCATALYSTS TO PROTECT FROM GAS EMISSIONS.
- PALLADIUM ROSE 200% (OR $1,583.15) (JANUARY 20, 2017 - JANUARY 20, 2021): PALLADIUM ROSE FROM $788.86 (JANUARY 20, 2017) TO $2,372 (JANUARY 20, 2021) (Date Source: Meta Trader 4 Platform).
- PALLADIUM HIT ALL-TIME HIGH ($2,787.85) (FEBRUARY, 2020) (Date Source: Meta Trader 4 Platform).
- DONALD TRUMP TOOK OFFICE FOR HIS SECOND TERM (JANUARY 20, 2025): PALLADIUM HAS RISEN AROUND 4% SINCE THEN.
Please note that past performance does not guarantee future results
ANALYST EXPECTATIONS:
- ANALYST OPINION: Commerzbank forecasts $1,150; Deutsche Bank forecasts $1,023; JPMorgan forecasts $1,020; UBS forecasts $1,000; HSBC forecasts $1,060.
Data Source: Bloomberg Terminal
EVENTS (CHINA):
- SATURDAY, MARCH 1 AT 01:30 GMT: CHINA MANUFACTURING PURCHASING MANAGERS INDEX (PMI) (PREVIOUS: 49.1).
- SUNDAY, MARCH 9 AT 1:30 GMT: CHINA INFLATION DATA (CPI) (FEB) (PREVIOUS: 0.5%)
EVENTS (USA):
- THURSDAY, FEBRUARY 27 AT 13:30 GMT: US GDP (Q4) (PREVIOUS: 2.3%).
- FRIDAY, FEBRUARY 28 AT 13:30 GMT: US PCE (PERSONAL CONSUMPTION EXPENDITURE) PRICE INDEX (JANUARY) (PREVIOUS: 2.6%)
- FRIDAY, MARCH 7 AT 13:30 GMT: US NONFARM PAYROLLS AND UNEMPLOYMENT RATE (FEB) (PREVIOUS: 143K; PREVIOUS: 4%)
PRICE ACTION:
- PALLADIUM HIT AN ALL-TIME HIGH OF $3,409 (MARCH, 2022). Palladium trades around $933 and if the price of Palladium moves to the level of $3,409, this would be a 265% price change. However, the price could decline.
TECHNICAL ANALYSIS:
- STRONG SUPPORT AT $900: PALLADIUM PRICES HAVE TESTED THE MARK OF $900 (OR NEAR) 12 TIMES SINCE JANUARY 2024 (Source: Meta Trader 4).
Please note that past performance does not guarantee future results
PALLADIUM, February 25, 2025
Current Price: 933
|
PALLADIUM |
Weekly |
|
Trend direction |
|
|
1200 |
|
|
1100 |
|
|
990 |
|
|
890 |
|
|
870 |
|
|
850 |
Example of calculation base on weekly trend direction for 1.00 Lot1
PALLADIUM
|
Pivot Points |
||||||
|
Profit or loss in $ |
26,700 |
16,700 |
5,700 |
-4,300 |
-6,300 |
-8,300 |
|
Profit or loss in €2 |
25,447 |
15,916 |
5,432 |
-4,098 |
-6,004 |
-7,910 |
|
Profit or loss in £2 |
21,101 |
13,198 |
4,505 |
-3,398 |
-4,979 |
-6,559 |
|
Profit or loss in C$2 |
38,092 |
23,825 |
8,132 |
-6,135 |
-8,988 |
-11,841 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 13:00 (GMT) 25/2/2025
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.