NEWS: Gasoline price is falling 0.9%. Gasoline prices are falling as risk sentiment toward the commodity deteriorates.
Possible Scenarios:
If Gasoline fails to breach through S1 of 2.70124, our Research Department expects the Gasoline to undergo a short- term upward correction.
If Gasoline manages to break below its S1 of 2.70124, our Research Department expects the Gasoline to extend its losses to its S2 of 2.67967.
Support and Resistance Levels:
Gasoline |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
2.65810 |
2.67967 |
2.70124 |
2.73000 |
2.75876 |
2.78033 |
2.80190 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €93.64 |
(+/-) £80.18 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.06792
***GBP/USD = 1.24719
Calculations for exchange rate used as of Thursday, April 18, 2024, GMT+1 09:20h