NEWS: Palladium is falling 2.1%, sliding to its lowest level in a week after failing to sustain earlier gains, as the market eased following the recent upward move.
Possible Scenarios:
If Palladium fails to breach through S1 of 1743.34, our Research Department expects the Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S1 of 1743.34, our Research Department expects the Palladium to extend its losses to its S2 of 1706.10
Support and Resistance Levels:
|
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1668.85 |
1706.10 |
1743.34 |
1793.00 |
1842.66 |
1879.91 |
1917.15 |
Potential Profit or Potential Loss Calculations:
|
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €86.1 |
(+/-) £74.66 |
|||
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16144
***GBP/USD = 1.33939
Calculations for exchange rate used as of Friday, January 16, 2025,13:30 (GMT)