NEWS: USA100 price is falling 1.1%. The USA100 and all other US indices are falling sharply as JOLTs Job openings come in higher than expected, causing US treasury yields to spike.
Possible Scenarios:
If USA100 fails to breach through S2 of 14744.00, our Research Department expects the USA100 to undergo a short- term upward correction.
If USA100 manages to break below its S2 of 14744.00, our Research Department expects the USA100 to extend its losses to its S3 of 14668.58.
Support and Resistance Levels:
|
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
14668.58 |
14744.00 |
14819.43 |
14920.00 |
15020.57 |
15096.00 |
15171.42 |
Potential Profit or Potential Loss Calculations:
|
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $104.65 |
(+/-) €100 |
(+/-) £82.82 |
|||
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.04649
***GBP/USD = 1.20739
Calculations for exchange rate used as of Tuesday, October 3, 2023, GMT+1 15:20h