NEWS: The USA100 price increased 1.2%. The USA100 and all other US indices are rising as softer than expected US ISM Manufacturing data creates dovish sentiment.
Possible Scenarios:
If USA100 fails to breach through R2 of 17622.94, our Research Department expects the USA100 to undergo a short- term downward correction.
If USA100 manages to break above its R2 of 17622.94, our Research Department expects the USA100 to extend its gains to its R3 of 17717.47.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
17087.27 |
17181.80 |
17276.33 |
17402.37 |
17528.41 |
17622.94 |
17717.47 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $107.06 |
(+/-) €100 |
(+/-) £80.32 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.07060
***GBP/USD = 1.24501
Calculations for exchange rate used as of Tuesday, April 23, 2024, GMT+1 15:35h