Crude Oil is falling 2.83%

Fast Moving Market - 04/10/2023

04 October, 2023

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 is falling ahead of the US EIA oil inventory report for the last week.

Possible Scenarios:

If Crude Oil fails to break below Support 1 of 86.42, our Research Department expects Crude Oil to undergo a short- term upward correction.

If Crude Oil manages to break below Support 1 of 86.42, our Research Crude Oil expects Crude Oil to extend its losses to its Support 2 of 85.46.

Support and Resistance Levels:

Crude Oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude Oil	84.50	85.46	86.42	87.70	88.98	89.94	90.90

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*

USD

EUR**

GBP***

(+/-)100$

(+/-)95.10€

(+/-)82.20£

* 1 trading lot is equivalent of 1000 units
** EUR/USD = 1.05150
***GBP/USD= 1.21656
Calculations for exchange rate used as of 14:30 (GMT+1) 04/10/2023

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