Crude oil price increased 0.9%

Fast Moving Market - 15/06/2021

15 June, 2021

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 price increased 0.9%. Oil prices are moving sharply higher following earlier reports that US Iran nuclear talks are not making progress

Possible Scenarios:

If Crude oil fails to breach through R1 of 71.744, our Research Department expects the Crude oil to undergo a short-term downward correction.

If Crude oil manages to break above its R1 of 71.744, our Research Department expects the Crude oil to extend its gains to its R2 of 72.189.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	69.666	70.111	70.556	71.150	71.744	72.189	72.634

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €82.57	(+/-) £71.25

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.21104
***GBP/USD = 1.40352
Calculations for exchange rate used as of 12:49 (GMT+1) 15/06/2021

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