Crude oil price is falling -1.5%

Fast Moving Market - 23/04/2025

23 April, 2025

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 is falling -1.5% as part of a technical correction following recent gains.

Possible Scenarios:

If Crude oil fails to breach through S2 of 63.164, our Research Department expects the Crude oil to undergo a short- term upward correction.

If Crude oil manages to break below its S2 of 63.164, our Research Department expects the Crude oil to extend its losses to its S3 of 62.608.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	62.608	63.164	63.719	64.460	65.201	65.756	66.312

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €87.65	(+/-) £75.19

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.14095
***GBP/USD = 1.33002
Calculations for exchange rate used as of Wednesday, April 23, 2025, 13:15 GMT+1

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