Crude Oil weekly special report based on 1.00 Lot Calculation:
TECHNICAL ANALYSIS:
- CRUDE OIL PRICES HAVE TESTED THE MARK OF $70 (NEAR OR BELOW) 12 TIMES SINCE OCTOBER 2022. This is the 13th time that Crude Oil prices are testing levels near or below the mark of $70. However, there is also a risk of further decline if market conditions change.
- CRUDE OIL HAS TESTED ITS LOWEST PRICE SINCE APRIL 2023: $65.205. Earlier this month, crude oil has tested its lowest price in almost two years.
GRAPH (Weekly): October 2022 – March 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. However, there is also a risk of further decline if market conditions change.
DATA SOURCE: Fortrade MetaTrader 4
Please note that past performance does not guarantee future results
GEOPOLITICS:
- TRUMP IMPOSES TARIFFS ON COUNTRIES IMPORTING VENEZUELAN OIL. U.S. President Donald Trump issued an executive order imposing a 25% tariff on countries that buy oil or gas from Venezuela and trade with the U.S. Last year, Venezuela was among the top foreign oil suppliers to the U.S., according to Commerce Department data. Venezuela has the world's largest oil reserves at more than 303 billion barrels.
- NEW U.S. SANCTIONS TARGET IRANIAN OIL EXPORT. The U.S. imposed new sanctions on Iran’s oil exports, targeting a Chinese "teapot refinery" for the first time. In response, Chinese state-run firms halted Iranian crude purchases. The measures could cut global supply by up to 1 million barrels per day. This is the fourth round of sanctions since President Trump resumed the “maximum pressure” campaign to reduce Iran’s exports to zero.
EVENTS:
- TUESDAY, APRIL 1 at 20:30 GMT: US AMERICAN PETROLEUM INSTITUTE (API) WEEKLY OIL INVENTORIES. Lower-than-expected inventory growth or declines could signal tighter supply and support higher oil prices. Conversely, higher-than-expected growth could exert downward pressure on prices.
- WEDNESDAY, APRIL 2 at 14:30 GMT: US GOVERNMENT (EIA) WEEKLY OIL INVENTORIES. As with the API report, lower-than-expected inventory growth or declines could indicate tighter supply and support higher oil prices. Conversely, higher-than-expected growth could exert downward pressure on prices.
- FRIDAY, APRIL 4 at 12:30 GMT: NONFARM PAYROLLS (MARCH) AND UNEMPLOYMENT RATE IN UNITED STATES (MARCH). U.S. unemployment rose to 4.1% in February, up from 4%, following a wave of layoffs under the Trump administration. Labor market data remains a key factor in the Federal Reserve’s interest rate decisions. If job market weakness persists, the Fed could cut rates sooner than expected, which could have a negative impact on the US dollar and give a positive boost to commodity prices, including crude oil.
Crude Oil, March 28, 2025
Current Price: 69.7
|
Crude Oil |
Weekly |
|
Trend direction |
|
|
77.0 |
|
|
75.0 |
|
|
73.0 |
|
|
67.0 |
|
|
66.5 |
|
|
65.0 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
Crude Oil |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
7,300 |
5,300 |
3,300 |
-2,700 |
-3,200 |
-4,700 |
|
Profit or loss in €² |
6,775 |
4,919 |
3,063 |
-2,506 |
-2,970 |
-4,362 |
|
Profit or loss in £² |
5,641 |
4,096 |
2,550 |
-2,087 |
-2,473 |
-3,632 |
|
Profit or loss in C$² |
10,457 |
7,592 |
4,727 |
-3,868 |
-4,584 |
-6,733 |
1. 1.00 lot is equivalent of 1000 units
2. Calculations for exchange rate used as of 11:50 (GMT) 28/03/2025
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 techniques could protect the profit.