Crude oil price increased 1.2%

Fast Moving Market - 28/06/2022

28 June, 2022

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 1.2%. Oil prices are climbing this morning in part due to several tropical disturbances in or approaching the Gulf of Mexico. If these storms continue to develop they could be a threat to oil rigs in the Gulf and refineries along the coast.

Possible Scenarios:

if Crude oil fails to breach through R1 of 112.566, our Research Department expects the Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R1 of 112.566, our Research Department expects the Crude oil to extend its gains to its R2 of 114.041.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	105.684	107.159	108.634	110.600	112.566	114.041	115.516

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €94.42	(+/-) £81.45

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.05908
***GBP/USD = 1.22782
Calculations for exchange rate used as of 08:15 (GMT+1) 28/6/2022

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