Crude oil price is falling -1.6%

Fast Moving Market - 17/09/2021

17 September, 2021

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 -1.6%. A stronger US Dollar and a weaker than expected Michigan Consumer Sentiment Index for September are causing oil prices to fall on Friday afternoon.

Possible Scenarios:

If Crude oil fails to breach through S2 of 70.746, our Research Department expects the Crude oil to undergo a short-term upward correction.

If Crude oil manages to break below its S2 of 70.746, our Research Department expects the Crude oil to extend its losses to its S3 of 70.238.

Support and Resistance Levels:

Crude oil	S3	S2	S1	Reference Price	R1	R2	R3
Crude oil	70.238	70.746	71.253	71.930	72.607	73.114	73.622

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*			USD	EUR**	GBP***
10 cents per 1 trading lot*			(+/-) $100	(+/-) €85.14	(+/-) £72.68

*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.17450
***GBP/USD = 1.37582
Calculations for exchange rate used as of 15:17 (GMT+1) 17/09/2021

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