NEWS: USA100 Index is rising 0.9% as investors brace for Trump’s presidency and Q4 Earnings Season that starts mid- January.
Possible Scenarios:
If USA100 fails to breach through R2 of 21790.92, our Research Department expects USA100 to undergo a short- term downward correction.
If USA100 manages to break above its R2 of 21790.92, our Research Department expects USA100 to extend its gains to its R3 of 21893.58.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
21209.22 |
21311.88 |
21414.53 |
21551.40 |
21688.27 |
21790.92 |
21893.58 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $103.44 |
(+/-) €100 |
(+/-) £80.21 |
*1 trading lot is equivalent of 10 units
**EUR/USD= 1.03436
***GBP/USD= 1.24670
Calculations for exchange rate used as of Monday, January 6, 2025, 10:26 GMT