NEWS: Palladium price is increasing 3.0% following better than expected German and Japan manufacturing data
Possible Scenarios:
If Palladium fails to breach through Reference Price of 1071.00, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its Reference Price of 1071.00, our Research Department expects the Palladium to extend its gains to its R1 of 1081.00.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1046.00 |
1053.50 |
1061.00 |
1071.00 |
1081.00 |
1088.50 |
1096.00 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €86.98 |
(+/-) £74.44 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.14964
***GBP/USD = 1.34345
Calculations for exchange rate used as of Monday, June 23, 2025, 09:15 GMT+1