Crude oil price increased 2.0%

Fast Moving Market - 04/01/2022

04 January, 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 2.0%. Oil prices are rising after OPEC+ agreed to increase production by 400,000 barrels per day in February as had already been expected. Investors appreciate the measured, transparent, and steady policy OPEC+ has been following since oil crashed almost 2 years ago.

Possible Scenarios:

If Crude oil fails to breach through R2 of 77.623, our Research Department expects the Crude oil to undergo a short-term downward correction.

If Crude oil manages to break above its R2 of 77.623, our Research Department expects the Crude oil to extend its gains to its R3 of 78.182.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	74.458	75.017	75.575	76.320	77.065	77.623	78.182

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €88.52	(+/-) £73.85

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.12970
***GBP/USD = 1.35410
Calculations for exchange rate used as of 15:18 (GMT) 04/01/2022

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