NEWS: Palladium price increased 4.3% as the UK sanctioned Vladimir Potanin, who is the CEO of Nornikel, the largest nickel miner in the world.
Possible Scenarios:
if Palladium fails to breach through R1 of 1969.36, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R1 of 1969.36, our Research Department expects the Palladium to extend its gains to its R2 of 1986.88.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1887.60 |
1905.12 |
1922.64 |
1946.00 |
1969.36 |
1986.88 |
2004.40 |
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 = 1.05310
***GBP/USD = 1.22198
Calculations for exchange rate used as of 11:50 (GMT+1) 29/6/2022