NEWS: Palladium price increased 1.2% as the effect of UK's decision to sanction Vladimir Potanin, CEO of Russian Nornickel, the largest nickel and palladium miner in the world, still pushes higher Palladium prices.
Possible Scenarios:
If Palladium fails to breach through R1 of 1992.46, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R1 of 1992.46, our Research Department expects the Palladium to extend its gains to its R2 of 2016.43.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1880.60 |
1904.57 |
1928.54 |
1960.50 |
1992.46 |
2016.43 |
2040.40 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.1 |
(+/-) £73.01 |
*1 trading lot is equivalent of 100 units
**EUR/USD = 1.04410
***GBP/USD = 1.21438
Calculations for exchange rate used as of 09:40 (GMT+1) 30/6/2022