NEWS: Crude oil price is falling -1.2% as the end of the US driving season approaches and as the Russian oil pipeline to Europe restarts oil transport
Possible Scenarios:
If Crude oil fails to breach through S1 of 63.338, our Research Department expects the Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S1 of 63.338, our Research Department expects the Crude oil to extend its losses to its S2 of 62.969
Support and Resistance Levels:
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
62.600 |
62.969 |
63.338 |
63.830 |
64.322 |
64.691 |
65.060 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.59 |
(+/-) £73.95 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.16829
***GBP/USD = 1.35195
Calculations for exchange rate used as of Thursday, August 28, 2025, 15:15 GMT+1