NEWS: The tech-heavy USA100 index fell on Wednesday on expectations the Democrats will win control of the US Senate.
Possible Scenarios:
If USA100 fails to stay below Support 2 of 12502.67, our Research Department expects USA100 to undergo a short-term upward correction.
If USA100 manages to stay below Support 2 of 12502.67, our Research Department expects USA100 to extend its losses to its Support 3 of 12447.29.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
12447.29 |
12502.67 |
12558.04 |
12631.87 |
12705.70 |
12761.07 |
12816.45 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)81.14€ |
(+/-)73.40£ |
* 1 trading lot is equivalent of 10 units
** EUR/USD = 1.23229
*** GBP/USD = 1.36232
Calculations for exchange rate used as of 09:02 a.m. (GMT) 06/01/2020