NEWS: USA30 price is falling -1.0%. The USA30 and other American stock indices are tumbling ahead of the American open after December’s Retail Sales report for December in the United came in well below its forecast. They fell 1.9%, Month-over-Month. The consensus forecast was a drop of 0.1%.
Possible Scenarios:
If USA30 fails to breach through S1 of 35675, our Research Department expects the USA30 to undergo a short-term upward correction.
If USA30 manages to break below its S1 of 35675, our Research Department expects the USA30 to extend its losses to its S2 of 35543.
Support and Resistance Levels:
USA30 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
35412 |
35543 |
35675 |
35850 |
36025 |
36157 |
36288 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $114.43 |
(+/-) €100 |
(+/-) £72.94 |
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.14430
***GBP/USD = 1.37100
Calculations for exchange rate used as of 13:37 (GMT) 14/01/2022