NEWS: Crude Oil is rising 0.98%, above the mark of $82, as tensions in Gaza threaten to spread out in April.
Possible Scenarios:
If Crude Oil fails to break above Resistance 1 of 82.25, our Research Department expects Crude Oil to undergo a short- term downward correction.
If Crude Oil manages to break above Resistance 1 of 82.25, our Research Department expects Crude Oil to extend its gains to its Resistance 2 of 82.66.
Support and Resistance Levels:
Crude Oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
80.35 |
80.76 |
81.17 |
81.71 |
82.25 |
82.66 |
83.07 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)92.70 € |
(+/-)79.27£ |
* 1 trading lot is equivalent of 1000 units
** EUR/USD = 1.07896
***GBP/USD= 1.26148
Calculations for exchange rate used as of 10:50 (GMT) 28/03/2024