Palladium price is falling -2.4%

Fast Moving Market - 02/10/2023

02 October, 2023

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Palladium prices are falling 2.4%. Palladium prices are falling sharply, as the US dollar increases on the back of higher US bond yields.

Possible Scenarios:

If Palladium fails to breach through S2 of 1195.11, our Research Department expects the Palladium to undergo a short- term upward correction.

If Palladium manages to break below its S2 of 1195.11, our Research Department expects the Palladium to extend its losses to its S3 of 1182.3.

Palladium	S3	S2	S1	Reference Price	R1	R2	R3
Palladium	1182.30	1195.11	1207.92	1225.00	1242.08	1254.89	1267.70

Support and Resistance Levels:

Potential Profit or Potential Loss Calculations:

1 dollar per 1 trading lot*			USD	EUR**	GBP***
1 dollar per 1 trading lot*			(+/-) $100	(+/-) €95.15	(+/-) £82.37

*1 trading lot is equivalent of 100 units
**EUR/USD = 1.05095
***GBP/USD = 1.21406
Calculations for exchange rate used as of Monday, October 2, 2023, GMT+1 15:20h

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