CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Palladium price increased 2.0%

Fast Moving Market - 01/07/2022

01 July, 2022

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 is rising 2.0%. Palladium prices rise as investors worry that the sanctions on Nornickel’s CEO could expand to sanctioning the company itself, which could cause a supply shock on palladium.

Possible Scenarios:

If Palladium fails to breach through R1 of 1912.74, our Research Department expects the Palladium to undergo a short- term downward correction.

If Palladium manages to break above its R1 of 1912.74, our Research Department expects the Palladium to extend its gains to its R2 of 1940.3.

Support and Resistance Levels:

Palladium

S3

S2

S1

Reference Price

R1

R2

R3

1784.15

1811.71

1839.26

1876.00

1912.74

1940.30

1967.85

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €85.1

(+/-) £73.01

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.04460
***GBP/USD = 1.21095
Calculations for exchange rate used as of 14:20(GMT+1) 01/7/2022

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