NEWS: The tech-heavy USA100 fell on Monday on fears sparked by China’s Evergrande, the second largest property company in China, which appears to be on the brink of bankruptcy.
Possible Scenarios:
If USA100 fails to break below Support 2 of 15057.48, our Research Department expects USA100 to undergo a short-term upward correction.
If USA100 manages to break below Support 2 of 15057.48, our Research Department expects USA100 to extend its losses to its Support 3 of 15008.67.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
15008.67 |
15057.48 |
15106.29 |
15171.37 |
15236.45 |
15285.26 |
15334.07 |
Potential Profit or Potential Loss Calculations:
1 point per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)85.39€ |
(+/-)73.21£ |
* 1 trading lot is equivalent of 10 units
** EUR/USD = 1.17100
*** GBP/USD = 1.36590
Calculations for exchange rate used as of 13:18 (GMT+1) 20/09/2021