NEWS: Gasoline price is falling 1.1%. Gasoline price is falling as risk sentiment toward the commodity deteriorates.
Possible Scenarios:
If Gasoline fails to breach through S2 of 2.75366, our Research Department expects the Gasoline to undergo a short- term upward correction.
If Gasoline manages to break below its S2 of 2.75366, our Research Department expects the Gasoline to extend its losses to its S3 of 2.73440.
Support and Resistance Levels:
Gasoline |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
2.73440 |
2.75366 |
2.77292 |
2.79860 |
2.82428 |
2.84354 |
2.86280 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €93.94 |
(+/-) £80.22 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.06454
***GBP/USD = 1.24652
Calculations for exchange rate used as of Wednesday, April 17, 2024, GMT+1 14:30h