Gasoline price is falling -2.8%

Fast Moving Market - 29/09/2023

29 September, 2023

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 prices are falling 2.8%. Gasoline prices are falling sharply as global recession fears persist.

Possible Scenarios:

If Gasoline fails to breach through S2 of 2.38994, our Research Department expects the Gasoline to undergo a short- term upward correction.

If Gasoline manages to break below its S2 of 2.38994, our Research Department expects the Gasoline to extend its losses to its S3 of 2.3642.

Support and Resistance Levels:

Gasoline	S3	S2	S1	Reference Price	R1	R2	R3
Gasoline	2.36420	2.38994	2.41568	2.45000	2.48432	2.51006	2.53580

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*			USD	EUR**	GBP***
10 pips per 1 trading lot*			(+/-) $100	(+/-) €94.57	(+/-) £82.04

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05745
***GBP/USD = 1.21895
Calculations for exchange rate used as of Friday, September 29, 2023, GMT+1 15:30h

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