NEWS: USA100 price increased 0.6%. The USA100 and other American stock indices are rising after the Core CPI for August just printed at 4.0%, Year-over-Year, and 0.1%, Month-over-Month. Both figures were below their consensus forecasts of 4.2% and 0.3% respectively.
Possible Scenarios:
If USA100 fails to breach through R1 of 15499.28, our Research Department expects the USA100 to undergo a short-term downward correction.
If USA100 manages to break above its R1 of 15499.28, our Research Department expects the USA100 to extend its gains to its R2 of 15549.55.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
15264.68 |
15314.95 |
15365.22 |
15432.25 |
15499.28 |
15549.55 |
15599.82 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $118.35 |
(+/-) €100 |
(+/-) £72 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.18350
***GBP/USD = 1.38880
Calculations for exchange rate used as of 13:34 (GMT+1) 14/09/2021