NEWS: Gasoline price increased 0.3% after Fuel demand has been boosted by key markets including the U.S. and China which continue their economic recovery from COVID-19.
Possible Scenarios:
If Gasoline fails to breach through R1 of 2.2544, our Research Department expects the Gasoline to undergo a short-term downward correction.
If Gasoline manages to break above its R1 of 2.2544, our Research Department expects the Gasoline to extend its gains to its R2 of 2.27195.
Support and Resistance Levels:
Gasoline |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
2.17250 |
2.19005 |
2.20760 |
2.23100 |
2.25440 |
2.27195 |
2.28950 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €84.03 |
(+/-) £71.98 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.19000
***GBP/USD = 1.38934
Calculations for exchange rate used as of 09:50 (GMT+1) 23/06/2021