NEWS: Palladium price increased 2.0% as the US dollar weakened.
Possible Scenarios:
If Palladium fails to breach through R2 of 1026.93, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R2 of 1026.93, our Research Department expects the Palladium to extend its gains to its R3 of 1037.50.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
967.00 |
977.58 |
988.15 |
1002.25 |
1016.35 |
1026.93 |
1037.50 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €92.56 |
(+/-) £79.11 |
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.08035
***GBP/USD= 1.26400
Calculations for exchange rate used as of Thursday, March 28, 2024, 13:01 GMT