NEWS: Palladium fell along with other metals as profit-taking took place.
Possible Scenarios:
If Palladium fails to break below Support 2 of 2408.60, our Research Department expects Palladium to undergo a short-term upward correction.
If Palladium manages to break below Support 2 of 2408.60, our Research Department expects Palladium to extend its losses to its Support 3 of 2381.00.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
2381.00 |
2408.60 |
2436.20 |
2473.00 |
2509.80 |
2537.40 |
2565.00 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)81.43€ |
(+/-)73.81£ |
* 1 trading lot is equivalent of 100 units
** EUR/USD = 1.22798
*** GBP/USD = 1.35482
Calculations for exchange rate used as of 14:06 (GMT) 06/01/2020