CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.43% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Crude oil price is increasing 1.4%

Fast Moving Market - 19/02/2025

19 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 increasing 1.4% amid worries of oil supply disruptions in the U.S. and Russia, and as markets await clarity on the Ukraine peace talks.

Possible Scenarios:

If Crude oil fails to breach through R1 of 72.829, our Research Department expects the Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R1 of 72.829, our Research Department expects the Crude oil to extend its gains to its R2 of 73.255.

Support and Resistance Levels:

Crude oil

S3

S2

S1

Reference Price

R1

R2

R3

70.838

71.265

71.691

72.260

72.829

73.255

73.682

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €95.84

(+/-) £79.41

*1 trading lot is equivalent of 1000 units
**EUR/USD= 1.04337
***GBP/USD= 1.25925
Calculations for exchange rate used as of Wednesday, February 19, 2025, 14:05 GMT

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