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 price increased 1.5%

Fast Moving Market - 05/01/2022

05 January, 2022

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 price increased 1.5%. Higher oil prices are driving gasoline prices higher this afternoon.

Possible Scenarios:

If Gasoline fails to breach through R2 of 2.30531, our Research Department expects the Gasoline to undergo a short-term downward correction.

If Gasoline manages to break above its R2 of 2.30531, our Research Department expects the Gasoline to extend its gains to its R3 of 2.3225.

Support and Resistance Levels:

Gasoline

S3

S2

S1

Reference Price

R1

R2

R3

2.20790

2.22509

2.24228

2.26520

2.28812

2.30531

2.32250

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €88.3

(+/-) £73.78

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.13248
***GBP/USD = 1.35539
Calculations for exchange rate used as of 13:56 (GMT) 05/1/2022

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