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