NEWS: Palladium’s price increased 1.8%. Palladium prices continue to rise as demand for precious metals increases on expected escalation in the Middle East.
Possible Scenarios:
If Palladium fails to breach through R2 of 1099.06, our Research Department expects the Palladium to undergo a short- term downward correction.
If Palladium manages to break above its R2 of 1099.06, our Research Department expects the Palladium to extend its gains to its R3 of 1115.05.
Support and Resistance Levels:
Palladium |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1008.45 |
1024.44 |
1040.43 |
1061.75 |
1083.07 |
1099.06 |
1115.05 |
Potential Profit or Potential Loss Calculations:
1 dollar per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €94 |
(+/-) £80.29 |
*1 trading lot is equivalent of 100 units
**EUR/USD= 1.06384
***GBP/USD= 1.24545
Calculations for exchange rate used as of Friday, April 12, 2024, GMT+1 14:10h