NEWS: CRUDE OIL price is falling -1.2%, after reaching the $70 level again yesterday.
Possible Scenarios:
If Crude oil fails to breach through S1 of 68.581, our Research Department expects the Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 68.581, our Research Department expects the Crude oil to extend its losses to its S2 of 67.934
Support and Resistance Levels:
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
67.286 |
67.934 |
68.581 |
69.445 |
70.309 |
70.956 |
71.604 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €89.79 |
(+/-) £75.62 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.11370
***GBP/USD = 1.32248
Calculations for exchange rate used as of Wednesday, September 18, 2024, 12:02: PM