NEWS: Palladium price is rising 3.32% ahead of China Export/Import data on Thursday.
Possible Scenarios:
If Palladium fails to break above Resistance 1 of 971.71, our Research Department expects Palladium to undergo a short- term downward correction.
If Palladium manages to break above Resistance 1 of 971.71, our Research Department expects Palladium to extend its gains to its Resistance 2 of 982.32.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
922.22 |
932.83 |
943.43 |
957.57 |
971.71 |
982.32 |
992.92 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)92.71€ |
(+/-)79.43£ |
* 1 trading lot is equivalent of 100 units
** EUR/USD = 1.07857
***GBP/USD= 1.25882
Calculations for exchange rate used as of 13:50 (GMT+1) 06/05/2024