NEWS: The USA100 price is falling 0.7%. The USA100 and all other US indices are falling due to ongoing fears of an Israeli response that could spark a regional war in the Middle East.
Possible Scenarios:
If USA100 fails to breach through S1 of 17558.26, our Research Department expects the USA100 to undergo a short- term upward correction.
If USA100 manages to break below its S1 of 17558.26, our Research Department expects the USA100 to extend its losses to its S2 of 17441.18.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
17324.10 |
17441.18 |
17558.26 |
17714.37 |
17870.48 |
17987.56 |
18104.64 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $106.53 |
(+/-) €100 |
(+/-) £80.3 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.06529
***GBP/USD = 1.24530
Calculations for exchange rate used as of Thursday, April 18, 2024, GMT+1 14:45h