NEWS: Crude oil price is increasing 1.4% following US crude oil sanctions on Iran, Venezuela and potential tariffs on Russian crude oil exports
Possible Scenarios:
If Crude oil fails to breach through R1 of 72.437, our Research Department expects the Crude oil to undergo a short- term downward correction.
If Crude oil manages to break above its R1 of 72.437, our Research Department expects the Crude oil to extend its gains to its R2 of 72.878.
Support and Resistance Levels:
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
70.382 |
70.822 |
71.263 |
71.850 |
72.437 |
72.878 |
73.318 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €92.66 |
(+/-) £77.59 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.07922
***GBP/USD = 1.28880
Calculations for exchange rate used as of Tuesday, April 1, 2025, 14:55 GMT+1