Crude oil price increased 1.4%

Fast Moving Market - 18/06/2021

18 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 1.4%. Oil prices are moving higher as the potential for higher demand is outweighing the risks of a new Iranian nuclear deal increasing supplies.

Possible Scenarios:

If Crude oil fails to breach through R1 of 71.151, our Research Department expects the Crude oil to undergo a short-term downward correction.

If Crude oil manages to break above its R1 of 71.151, our Research Department expects the Crude oil to extend its gains to its R2 of 71.646.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	68.838	69.334	69.829	70.490	71.151	71.646	72.142

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €84.26	(+/-) £72.25

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.18675
***GBP/USD = 1.38410
Calculations for exchange rate used as of 14:57 (GMT+1) 18/06/2021

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