Crude oil price increased 0.8%

Fast Moving Market - 14/01/2025

14 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 price increased 0.8% as the impact of fresh U.S. sanctions on Russian oil remained the market's main focus, ahead of U.S. inflation data this week.

Possible Scenarios:

If Crude oil fails to breach through R1 of 77.615, our Research Department expects the Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R1 of 77.615, our Research Department expects the Crude oil to extend its gains to its R2 of 78.241.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	74.693	75.319	75.945	76.780	77.615	78.241	78.867

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €97.49	(+/-) £82.03

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.02577
***GBP/USD = 1.21902
Calculations for exchange rate used as of Tuesday, January 14, 2025, 10:30: AM

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