NEWS: USA100 price increased 1.6% on higher-than-expected ISM Non- Manufacturing PMI data for August in the USA.
Possible Scenarios:
If USA100 fails to breach through R2 of 19213.27, our Research Department expects USA100 to undergo a short- term downward correction.
If USA100 manages to break above its R2 of 19213.27, our Research Department expects USA100 to extend its gains to its R3 of 19330.39.
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
18549.61 |
18666.73 |
18783.84 |
18940.00 |
19096.16 |
19213.27 |
19330.39 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $110.89 |
(+/-) €100 |
(+/-) £75.97 |
*1 trading lot is equivalent of 10 units
**EUR/USD= 1.10890
***GBP/USD= 1.31634
Calculations for exchange rate used as of Thursday, September 5, 2024, 15:10 GMT+1