NEWS: USA100 price is falling -0.6% after the major averages tumbled in the previous session in a broad market selloff.
Possible Scenarios:
If USA100 fails to breach through S1 of 19611.86, our Research Department expects the USA100 to undergo a short- term upward correction.
If USA100 manages to break below its S1 of 19611.86, our Research Department expects the USA100 to extend its losses to its S2 of 19494.01
Support and Resistance Levels:
USA100 |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
19376.15 |
19494.01 |
19611.86 |
19769.00 |
19926.14 |
20043.99 |
20161.85 |
Potential Profit or Potential Loss Calculations:
10 points per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $108.33 |
(+/-) €100 |
(+/-) £77.58 |
*1 trading lot is equivalent of 10 units
**EUR/USD= 1.08332
***GBP/USD= 1.28931
Calculations for exchange rate used as of Wednesday, July 24, 2024, 10:50: AM