NEWS: USA500 price is falling -0.8% as oil prices hit multi month highs on the Middle East war continues to escalate.
Possible Scenarios:
If USA500 fails to breach through S2 of 6726.67, our Research Department expects the USA500 to undergo a short- term upward correction.
If USA500 manages to break below its S2 of 6726.67, our Research Department expects the USA500 to extend its losses to its S3 of 6689.47
Support and Resistance Levels:
|
USA500 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
6689.47 |
6726.67 |
6763.88 |
6813.49 |
6863.10 |
6900.31 |
6937.51 |
Potential Profit or Potential Loss Calculations:
|
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $100 |
(+/-) €84.5 |
(+/-) £63.26 |
|||
*1 trading lot is equivalent of 10 units
**EUR/USD = 1.18345
***GBP/USD = 1.33567
Calculations for exchange rate used as of Friday, March 6, 2026, 13:50: GMT