NEWS: Palladium price is falling -2.1% Palladium price is fell due to volatility of tomorrow's FED meeting.
Possible Scenarios:
If Palladium fails to breach through S1 of 949.9, our Research Department expects the Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S1 of 949.9, our Research Department expects the Palladium to extend its losses to its S2 of 938.58.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
927.25 |
938.58 |
949.90 |
965.00 |
980.10 |
991.43 |
1002.75 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €93.2 |
(+/-) £79.69 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.07295
***GBP/USD = 1.25487
Calculations for exchange rate used as of Tuesday, April 30, 2024, 12:00: AM