Crude Oil

Special Reports - 06/02/2025

06 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.

Crude Oil weekly special report based on 1.00 Lot Calculation:

TECHNICAL ANALYSIS:

TRADING CHANNEL (NOVEMBER 2022 – FEBRUARY 2025): CRUDE OIL HAS MAINLY TRADED BETWEEN $70 AND $75.
CRUDE OIL HAS TESTED THE MARK OF $70 BEFORE IT RECOVERED TO $75: 12 times
CRUDE OIL HAS TESTED THE MARK OF $75 BEFORE IT CORRECTED DOWN TO $70: 7 times

GRAPH (Weekly): November 2022 – February 2025

Please note that past performance does not guarantee future results

2022- 2025 STATISTICS: CRUDE OIL TENDS TO RECOVER BY AROUND 14% AFTER TESTING THE MARK OF $70 OR NEAR IT.

DATA SOURCE: Fortrade MetaTrader 4

Please note that past performance does not guarantee future results

GEOPOLITICS:

US PRESIDENT TRUMP SIGNED AN EXECUTIVE ORDER TO PUT “MAXIMUM PRESSURE” ON IRAN: U.S. President Donald Trump restored his "maximum pressure" campaign on Iran that includes efforts to drive its oil exports down to zero from current around 1.6 million barrels a day in order to stop Tehran from obtaining a nuclear weapon (Source: Reuters).

EVENTS:

TUESDAY, FEBRUARY 11 AT 21:30 GMT: AMERICAN PETROLEUM INSTITUTE (API) WEEKLY OIL INVENTORY DATA (USA). Last week data showed an unexpected increase in inventories of 5.025 million barrels, up from the previous week’s inventory increase of 2.860 million barrels.
WEDNESDAY, FEBRUARY 12 AT 1:00 GMT: OPEC OIL MONTHLY REPORT (JANUARY). The agency is expected to report their latest outlook on global demand and supply for 2025 and beyond.
WEDNESDAY, FEBRUARY 12 AT 15:30 GMT: ENERGY INFORMATION ADMINISTRATION (EIA) WEEKLY OIL INVENTORY DATA (USA). Data last week showed a larger than expected increase in inventories (+8.664 million barrels vs. 2.4 million barrels increase expected), and all that compared to the previous week’s increase of 3.463 million barrels.
THURSDAY, FEBRUARY 13 AT 09:00 GMT: INTERNATIONAL ENERGY AGENCY (IEA) OIL MONTHLY REPORT (JANUARY). The agency is expected to report their latest outlook on global demand and supply for 2025 and beyond.

Crude Oil, February 6, 2025
Current Price: 71.10

Crude Oil	Weekly
Trend direction	UP
Resistance 3	80
Resistance 2	77
Resistance 1	75
Support 1	69
Support 2	68
Support 3	67

Example of calculation base on weekly trend direction for 1.00 Lot¹

Crude Oil
Pivot Points	Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
Profit or loss in $	8,900	5,900	3,900	-2,100	-3,100	-4,100
Profit or loss in €²	8,592	5,696	3,765	-2,027	-2,993	-3,958
Profit or loss in £²	7,163	4,748	3,139	-1,690	-2,495	-3,300
Profit or loss in C$²	12,778	8,471	5,599	-3,015	-4,451	-5,886

1.00 lot is equivalent of 1000 units
Calculations for exchange rate used as of 10:30 (GMT) 06/02/2025

There is a possibility to use Stop-Loss and Take-Profit.

You may wish to consider closing your position in profit, even if it is lower than the suggested one.
Trailing stop technique could protect the profit.

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