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Citigroup

Market Opportunities - 16/09/2020

16 September, 2020

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Citigroup uptrend opportunity based On 1.00 Lot Calculation:

  • Citigroup has over 200 million customer accounts and operates in over 160 countries. It earned $19.471 billion in 2019 on revenue of over $74 billion. Its lines of business include retail banking, commercial banking, investment banking, mortgage underwriting, investment brokerage, and clearing services.
  • Citigroup has had compliance and risk management problems over the last 10 years and had been ordered to update their back office systems so they would better synchronize across all of its different product divisions, in order to detect money laundering, internal fraud, and high risk trading positions of both Citi’s customers and its trading desks. They failed to accomplice this task and now face further penalties by the U.S. Government.
  • Citigroup has named Jane Fraser as its new CEO and she is expected to clean up all of Citigroup’s regulatory failures.

Citigroup, September 16, 2020
Pivot point: 45.25

CITIGROUP

Weekly

Trend direction

UP

Resistance 3

52.70

Resistance 2

50.46

Resistance 1

48.23

Support 1

42.52

Support 2

40.47

Support 3

38.42

Example of calculation base on weekly trend direction for 1.00 Lot*

CITIGROUP

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

7,450.00

5,210.00

2,980.00

-2,730.00

-4,780.00

-6,830.00

Profit or loss in €**

6,272.36

4,386.44

2,508.95

-2,298.46

-4,024.42

--5,750.37

Profit or loss in £**

5,750.59

4,021.55

2,300.23

-2,107.26

-3,689.64

-5,272.01

Profit or loss in C$**

9,805.76

6,857.45

3,922.31

-3,593.25

-6,291.48

-8,989.71

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 11:29 (GMT+1) 16/09/2020
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Senior Account Manager for more details

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