NEWS: Palladium price is increasing 2.0% ahead of China’s export/import data coming out tomorrow coming out at 04:00 GMT+1
Possible Scenarios:
If Palladium fails to breach through R2 of 980.44, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R2 of 980.44, our Research Department expects the Palladium to extend its gains to its R3 of 988.55.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
934.45 |
942.57 |
950.68 |
961.50 |
972.32 |
980.44 |
988.55 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €88.46 |
(+/-) £75 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.12799
***GBP/USD = 1.32806
Calculations for exchange rate used as of Thursday, May 8, 2025, 14:25 GMT+1