NEWS: Palladium price jumped 1.1% to hit a more than one week high ahead of the Fed interest rate decision this evening
Possible Scenarios:
If Palladium fails to breach through R2 of 2809.35, our Research Department expects the Palladium to undergo a short-term downward correction.
If Palladium manages to break above its R2 of 2809.35, our Research Department expects the Palladium to extend its gains to its R3 of 2815.00.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
2720.00 |
2726.65 |
2751.46 |
2768.00 |
2784.54 |
2809.35 |
2815.00 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €82.51 |
(+/-) £70.85 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.21192
***GBP/USD = 1.41139
Calculations for exchange rate used as of 14:04 (GMT+1) 16/06/2021