NEWS: Gasoline price is falling 2.0%. Gasoline prices are falling, as OPEC sticks to their planned production outputs, easing some supply concerns.
Possible Scenarios:
If Gasoline fails to breach through S2 of 3.50553, our Research Department expects the Gasoline to undergo a short- term upward correction.
If Gasoline manages to break below its S2 of 3.50553, our Research Department expects the Gasoline to extend its losses to its S3 of 3.4557
Support and Resistance Levels:
Gasoline |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3.45570 |
3.50553 |
3.55536 |
3.62180 |
3.68824 |
3.73807 |
3.78790 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €96.23 |
(+/-) £82.65 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.03916
***GBP/USD = 1.20999
Calculations for exchange rate used as of 15:00 (GMT+1) 30/6/2022