CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

USA100 price increased 1.7%

Fast Moving Market - 17/06/2021

17 June, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: USA100 price increased 1.7%. The USA100 and other American stock indices are spiking higher as long term bond yields are in retreat. The yield on the 10-year U.S. Treasury note has fallen to 1.53% from 1.59% earlier. The market is giving less weight to yesterday’s Fed meeting and press conference than earlier today and yesterday.

Possible Scenarios:

If USA100 fails to breach through R2 of 14126.40, our Research Department expects the USA100 to undergo a short-term downward correction.

If USA100 manages to break above its R2 of 14126.40, our Research Department expects the USA100 to extend its gains to its R3 of 14180.58.

Support and Resistance Levels:

USA100

S3

S2

S1

Reference Price

R1

R2

R3

13819.42

13873.60

13927.77

14000.00

14072.23

14126.40

14180.58

Potential Profit or Potential Loss Calculations:

10 points per 1 trading lot*

USD

EUR**

GBP***

(+/-) $119.26

(+/-) €100

(+/-) £71.66

*1 trading lot is equivalent of 10 units
**EUR/USD = 1.19257
***GBP/USD = 1.39543
Calculations for exchange rate used as of 15:40 (GMT+1) 17/06/2021

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