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