NEWS: The USA100 is dropping 1.34% after Tesla lost around 10% on Wednesday due to worse than expected earnings results for Q2.
Possible Scenarios:
If USA100 fails to break below Support 1 of 18560.86, our Research Department expects USA100 to undergo a short- term upward correction.
If USA100 manages to break below Support 1 of 18560.86, our Research expects USA100 to extend its losses to its Support 2 of 18443.01.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
18325.15 |
18443.01 |
18560.86 |
18718.00 |
18875.14 |
18992.99 |
19110.85 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)92.82€ |
(+/-)77.31£ |
* 1 trading lot is equivalent of 10 units
** EUR/USD = 1.08600
***GBP/USD= 1.29340
Calculations for exchange rate used as of 14:44 (GMT+1) 24/07/2024