NEWS: The USA100 price increased 0.6%. The USA100 and all other US indices rose as PPI data from the US came in lower than expected.
Possible Scenarios:
If USA100 fails to breach through R1 of 18296.46, our Research Department expects the USA100 to undergo a short- term downward correction.
If USA100 manages to break above its R1 of 18296.46, our Research Department expects the USA100 to extend its gains to its R2 of 18395.15.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
17835.90 |
17934.59 |
18033.28 |
18164.87 |
18296.46 |
18395.15 |
18493.84 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $107.44 |
(+/-) €100 |
(+/-) £79.58 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.07441
***GBP/USD = 1.25664
Calculations for exchange rate used as of Thursday, April 11, 2024, GMT 13:40h