NEWS: Palladium price is falling 1.7%. Palladium prices fell after stronger than expected US retail sales data sparked hawkish concerns.
Possible Scenarios:
If Palladium fails to breach through S1 of 1025.13, our Research Department expects the Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S1 of 1025.13, our Research Department expects the Palladium to extend its losses to its S2 of 1008.92.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
992.70 |
1008.92 |
1025.13 |
1046.75 |
1068.37 |
1084.59 |
1100.80 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €94.08 |
(+/-) £80.29 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.06294
***GBP/USD = 1.24543
Calculations for exchange rate used as of Monday, April 15, 2024, GMT+1 15:35h