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 2.5%

Fast Moving Market - 30/11/2022

30 November, 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 increased 2.5% after the Fed is expected to slow the pace of its rate hike to 50 basis points in December after delivering four straight 75 basis point increases.

Possible Scenarios:

if Palladium fails to breach through R2 of 1917.00, our Research Department expects the Palladium to undergo a short- term downward correction.

If Palladium manages to break above its R2 of 1917.00, our Research Department expects the Palladium to extend its gains to its R3 of 1934.35.

Support and Resistance Levels:

Palladium

S3

S2

S1

Reference Price

R1

R2

R3

1818.65

1836.01

1853.36

1876.50

1899.64

1917.00

1934.35

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 = 1.03760
***GBP/USD = 1.19962
Calculations for exchange rate used as of 14:40 (GMT) 30/11/2022

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