NEWS: Crude oil price is falling -1.7% as reports come out that some sanctions on Venezuelan crude oil exports could be lifted
Possible Scenarios:
if Crude oil fails to breach through S2 of 65.337, our Research Department expects the Crude oil to undergo a short- term upward correction.
If Crude oil manages to break below its S2 of 65.337, our Research Department expects the Crude oil to extend its losses to its S3 of 64.984
Support and Resistance Levels:
Crude oil |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
64.984 |
65.337 |
65.690 |
66.160 |
66.630 |
66.983 |
67.336 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €85.27 |
(+/-) £74.4 |
*1 trading lot is equivalent of 1000 units
**EUR/USD = 1.17268
***GBP/USD = 1.34412
Calculations for exchange rate used as of Friday, July 25, 2025, 15:20 GMT+1