NEWS: Palladium price increased 2.8%. Palladium remains extremely volatile and is spiking higher after yesterday’s retreat.
Possible Scenarios:
If Palladium fails to breach through R2 of 2609.41, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R2 of 2609.41, our Research Department expects the Palladium to extend its gains to its R3 of 2634.65.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
2466.35 |
2491.60 |
2516.84 |
2550.50 |
2584.16 |
2609.41 |
2634.65 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)85.26€ |
(+/-)72.77£ |
*1 trading lot is equivalent of 100 units
** EUR/USD = 1.17288
*** GBP/USD = 1.37410
Calculations for exchange rate used as of 14:26 (GMT) 30/03/2021