CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Gasoline is falling 1.20%

Fast Moving Market - 16/06/2021

16 June, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Gasoline continued to fall as the American Petroleum Institute last night surprisingly reported an increase in inventory of 2.852 million barrels.

Possible Scenarios:

If Gasoline fails to break below Support 1 of 2.1448, our Research Department expects Gasoline to undergo a short-term upward correction.

If Gasoline manages to break below Support 1 of 2.1448, our Research Department expects Gasoline to extend its losses to its Support 2 of 2.1298.

Support and Resistance Levels:

Gasoline

S3

S2

S1

Reference Price

R1

R2

R3

2.1147

2.1298

2.1448

2.1649

2.1850

2.2000

2.2151

Potential Profit or Potential Loss Calculations:

1 cent per 1 trading lot*

USD

EUR**

GBP***

(+/-)1000$

(+/-)825.19€

(+/-)708.60£

* 1 trading lot is equivalent of 100000 units
** EUR/USD = 1.21183
*** GBP/USD = 1.41124
Calculations for exchange rate used as of 14:06 (GMT+1) 16/06/2021

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