Palladium price increased 1.6%

Fast Moving Market - 28/09/2023

28 September, 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 1.6%. Palladium prices rose sharply as weaker than expected US economic data pushed the US dollar lower.

Possible Scenarios:

If Palladium fails to breach through R2 of 1253.9, our Research Department expects the Palladium to undergo a short- term downward correction.

If Palladium manages to break above its R2 of 1253.9, our Research Department expects the Palladium to extend its gains to its R3 of 1264.35.

Support and Resistance Levels:

Palladium	S3	S2	S1	Reference Price	R1	R2	R3
Palladium	1194.65	1205.11	1215.56	1229.50	1243.44	1253.90	1264.35

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*			USD	EUR**	GBP***
1 dollar per 1 trading lot*			(+/-) $100	(+/-) €94.74	(+/-) £82

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.05554
***GBP/USD = 1.21955
Calculations for exchange rate used as of Thursday, September 28, 2023, GMT+1 15:25h

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