CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Palladium price increased 1.5%

Fast Moving Market - 04/10/2023

04 October, 2023

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Palladium price increased 1.5%. Palladium price increased on the back of weak private sector job figures in the US.

Possible Scenarios:

If Palladium fails to breach through R1 of 1185.94, our Research Department expects the Palladium to undergo a short- term downward correction.

If Palladium manages to break above its R1 of 1185.94, our Research Department expects the Palladium to extend its gains to its R2 of 1201.65.

Support and Resistance Levels:

Palladium

S3

S2

S1

Reference Price

R1

R2

R3

1112.65

1128.36

1144.06

1165.00

1185.94

1201.65

1217.35

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €95.1

(+/-) £82.29

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.05152
***GBP/USD = 1.21519
Calculations for exchange rate used as of Wednesday, October 4, 2023 GMT+1, 13:40

Share It With Your Network
PALLADIUM Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now