Crude oil price is increasing 1.7%

Fast Moving Market - 20/03/2025

20 March, 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 1.7% following new sanctions on Iran imposed by the US administration

Possible Scenarios:

If Crude oil fails to breach through R2 of 67.903, our Research Department expects the Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R2 of 67.903, our Research Department expects the Crude oil to extend its gains to its R3 of 68.316.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	65.564	65.977	66.390	66.940	67.490	67.903	68.316

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €92.27	(+/-) £77.13

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.09174
***GBP/USD = 1.29760
Calculations for exchange rate used as of Thursday, March 20, 2025, 14:30 GMT

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