Crude oil price increased 2.5%

Fast Moving Market - 27/09/2023

27 September, 2023

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 prices increased 2.5%. Crude oil prices increased sharply as risk sentiment toward the commodity improved.

Possible Scenarios:

If Crude oil fails to breach through R1 of 92.713, our Research Department expects the Crude oil to undergo a short- term downward correction.

If Crude oil manages to break above its R1 of 92.713, our Research Department expects the Crude oil to extend its gains to its R2 of 93.376.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	89.622	90.284	90.947	91.830	92.713	93.376	94.038

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €94.82	(+/-) £82.38

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.05458
***GBP/USD = 1.21393
Calculations for exchange rate used as of Wednesday, September 27, 2023 GMT+1, 13:00: PM

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