NEWS: USA100 price increased 0.6%. The USA100 and other American equity indices are higher after the American opening after Initial Jobless Claims for the past week printed lower than forecast at 310,000 new claims.
Possible Scenarios:
If USA100 fails to breach through R2 of 15667.29, our Research Department expects the USA100 to undergo a short-term downward correction.
If USA100 manages to break above its R2 of 15667.29, our Research Department expects the USA100 to extend its gains to its R3 of 15702.13.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
15469.87 |
15504.71 |
15539.55 |
15586.00 |
15632.45 |
15667.29 |
15702.13 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $118.21 |
(+/-) €100 |
(+/-) £72.23 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.18210
***GBP/USD = 1.38455
Calculations for exchange rate used as of 14:47 (GMT+1) 09/09/2021