NEWS: Crude oil price is falling 1.10%, testing its lowest price in almost 2 months, as Ukrainian President Zelensky stays in Berlin (Germany) for talks with U.S. Envoys Steve Witkoff and Jared Kushner.
Possible Scenarios:
If Crude oil fails to breach through S1 of 56.557, our Research Department expects Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 56.557, our Research Department expects Crude oil to extend its losses to its S2 of 56.138.
Support and Resistance Levels:
|
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
55.719 |
56.138 |
56.557 |
57.115 |
57.673 |
58.092 |
58.511 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €85.08 |
(+/-) £74.69 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.17531
***GBP/USD = 1.33889
Calculations for exchange rate used as of Monday, December 15, 2025, 13:00 GMT