NEWS: The Crude Oil is dropping 2.58% as Israel- HAMAS ceasefire talks continued to advance.
Possible Scenarios:
If Crude Oil fails to break below Support 2 of 76.51, our Research Department expects Crude Oil to undergo a short- term upward correction.
If Crude Oil manages to break below Support 2 of 76.51, our Research Department expects Crude Oil to extend its losses to its Support 3 of 75.89.
Support and Resistance Levels:
CRUDE OIL |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
75.89 |
76.51 |
77.13 |
77.95 |
78.77 |
79.39 |
80.01 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)92.14€ |
(+/-)77.81£ |
* 1 trading lot is equivalent of 1000 units
** EUR/USD = 1.08522
***GBP/USD= 1.28512
Calculations for exchange rate used as of 15:37 (GMT+1) 26/07/2024