NEWS: Palladium price is falling -2.2% after stronger than expected CPI data from the US.
Possible Scenarios:
If Palladium fails to breach through S2 of 1067.38, our Research Department expects the Palladium to undergo a short- term upward correction.
If Palladium manages to break below its S2 of 1067.38, our Research Department expects the Palladium to extend its losses to its S3 of 1053.40
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1053.40 |
1067.38 |
1081.36 |
1100.00 |
1118.64 |
1132.62 |
1146.60 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €92.03 |
(+/-) £78.72 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.08657
***GBP/USD = 1.27036
Calculations for exchange rate used as of Wednesday, April 10, 2024, 14:50: AM