NEWS: USA100 price is rising 0.5%. Investors believe that the technology sector's pullback recently is coming to an end, especially after a new form of U.S. infrastructure spending was presented yesterday by President Biden.
Possible Scenarios:
If USA100 fails to breach through R1 of 13243.64, our Research Department expects the USA100 to undergo a short- term downward correction.
If USA100 manages to break above its R1 of 13243.64, our Research Department expects the USA100 to extend its gains to its R2 of 13318.83.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
12892.72 |
12967.91 |
13043.11 |
13143.37 |
13243.63 |
13318.83 |
13394.02 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)117.43$ |
(+/-)100€ |
(+/-)72.5£ |
*1 trading lot is equivalent of 10 units
** EUR/USD = 1.17425
*** GBP/USD = 1.37930
Calculations for exchange rate used as of 09:00 (GMT+1) 1/4/2021