Crude oil price is falling 4.5%

Fast Moving Market - 04/04/2025

04 April, 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 4.5% to reach the lowest level since December 2021 amid concerns that a potential trade war spurred by tariffs Trump imposed could lead to a global recession, reducing global oil demand.

Possible Scenarios:

If Crude oil fails to breach through S2 of 62.689, our Research Department expects the Crude oil to undergo a short- term upward correction.

If Crude oil manages to break below its S2 of 62.689, our Research Department expects the Crude oil to extend its losses to its S3 of 61.943.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	61.943	62.689	63.435	64.430	65.425	66.171	66.917

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €90.6	(+/-) £76.78

*1 trading lot is equivalent to 1000 units
**EUR/USD = 1.08335
***GBP/USD = 1.29186
Calculations for exchange rate used as of Friday, April 4, 2025, 11:30 GMT+1

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