NEWS: Crude oil price is falling -1.1% ahead of Trump-Putin meeting on Friday on August 15
Possible Scenarios:
If Crude oil fails to breach through S1 of 61.745, our Research Department expects the Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 61.745, our Research Department expects the Crude oil to extend its losses to its S2 of 61.221
Support and Resistance Levels:
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
60.696 |
61.221 |
61.745 |
62.445 |
63.145 |
63.669 |
64.194 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.34 |
(+/-) £73.76 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.17174
***GBP/USD = 1.35575
Calculations for exchange rate used as of Wednesday, August 13, 2025, 09:35 GMT+1