NEWS: CRUDE OIL price is falling -1.1%. Crude oil prices are falling as the US Dollar remained strong .
Possible Scenarios:
if CRUDE OIL fails to breach through S2 of 79.898, our Research Department expects the CRUDE OIL to undergo a short- term upward correction.
If CRUDE OIL manages to break below its S2 of 79.898, our Research Department expects the CRUDE OIL to extend its losses to its S3 of 79.417
Support and Resistance Levels:
CRUDE OIL |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
79.417 |
79.898 |
80.379 |
81.020 |
81.661 |
82.142 |
82.623 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €91.85 |
(+/-) £77.38 |
*1 trading lot is equivalent of 1000 units
**EUR/USD= 1.08879
***GBP/USD= 1.29233
Calculations for exchange rate used as of Friday, July 19, 2024, 12:34 (GMT+1)