Crude oil price is falling -1.8%

Fast Moving Market - 05/02/2025

05 February, 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 is falling -1.8% following the weekly crude oil inventories data from the US

Possible Scenarios:

If Crude oil fails to breach through S1 of 71.234, our Research Department expects the Crude oil to undergo a short- term upward correction.

If Crude oil manages to break below its S1 of 71.234, our Research Department expects the Crude oil to extend its losses to its S2 of 70.584.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	69.934	70.584	71.234	72.100	72.966	73.616	74.266

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €96	(+/-) £79.93

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.04170
***GBP/USD = 1.25105
Calculations for exchange rate used as of Wednesday, February 5, 2025, 15:45 GMT

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