NEWS: Palladium price is increasing 2.1% as trade optimism and recent positive inflation data in China have managed to support the palladium prices.
Possible Scenarios:
if Palladium fails to breach through R1 of 1222.92, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R1 of 1222.92, our Research Department expects the Palladium to extend its gains to its R2 of 1240.86.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1139.20 |
1157.14 |
1175.08 |
1199.00 |
1222.92 |
1240.86 |
1258.80 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.52 |
(+/-) £73.78 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.16930
***GBP/USD = 1.35540
Calculations for exchange rate used as of Friday, July 11, 2025, 8:40 GMT+1