Crude Oil is rising 1.1%

Fast Moving Market - 02/01/2025

02 January, 2025

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 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.

NEWS: Crude oil is rising 1.1% due to expectations for higher demand in China in 2025.

Possible Scenarios:

If Crude oil fails to breach through R1 of 72.653, our Research Department expects Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R1 of 72.653, our Research Department expects Crude oil to extend its gains to its R2 of 73.218.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	70.017	70.582	71.147	71.900	72.653	73.218	73.783

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €96.58	(+/-) £80.11

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.03541
***GBP/USD = 1.24831
Calculations for exchange rate used as of Thursday, January 2, 2025, 10:00 GMT

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