NEWS: Palladium price is increasing 2.1% following higher odds of more interest rate cuts by the FED by the end of the year
Possible Scenarios:
If Palladium fails to breach through R1 of 1258.84, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R1 of 1258.84, our Research Department expects the Palladium to extend its gains to its R2 of 1272.22.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1196.40 |
1209.78 |
1223.16 |
1241.00 |
1258.84 |
1272.22 |
1285.60 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.2 |
(+/-) £73.78 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.17369
***GBP/USD = 1.35538
Calculations for exchange rate used as of Friday, September 12, 09:15 GMT+1