NEWS: Palladium continued to fall as demand outlook remains grim due to expectations for lower car production.
Possible Scenarios:
If Palladium fails to break below Support 2 of 1952.32, our Research Department expects Palladium to undergo a short-term upward correction.
If Palladium manages to break below Support 2 of 1952.32, our Research Department expects Palladium to extend its losses to its Support 3 of 1918.60.
Support and Resistance Levels:
PALLADIUM |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1918.60 |
1952.32 |
1986.04 |
2031.00 |
2075.96 |
2109.68 |
2143.40 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)84.67€ |
(+/-)72.19£ |
* 1 trading lot is equivalent of 100 units
** EUR/USD = 1.18100
*** GBP/USD = 1.38525
Calculations for exchange rate used as of 13:12 (GMT+1) 14/09/2021