NEWS: Gasoline price is falling -2.4%. Gasoline prices are falling ahead of this evening’s American Petroleum Institute Weekly Inventory Report.
Possible Scenarios:
If Gasoline fails to breach through S2 of 3.69026, our Research Department expects the Gasoline to undergo a short- term upward correction.
If Gasoline manages to break below its S2 of 3.69026, our Research Department expects the Gasoline to extend its losses to its S3 of 3.6413
Support and Resistance Levels:
Gasoline |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3.64130 |
3.69026 |
3.73922 |
3.80450 |
3.86978 |
3.91874 |
3.96770 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €94.96 |
(+/-) £81.83 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05310
***GBP/USD = 1.22198
Calculations for exchange rate used as of 14:46 (GMT+1) 28/6/2022